Which do you think is the most advantageous method for Web developers -- the informal method or the formal method why do you say so?

Discuss the ways in which electronic information associated with payments is addressed in terms of security. include encryption, secure sockets layers, and secure electronic transactions in your discussion. are there any other ways that consumers and businesses can keep their payment information secure in an electronic commerce environment? do you feel that your information is safe when conducting electronic business? why or why not?