APPLICATION LAYER
PEER TO PEER PARADIGM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following safety and privacy features is not included in a P2P app or service?
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Representative call for confirmation of payments over $100
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Verification of payment amount before sending
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Opt-out of data sharing
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A user PIN
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Explanation:
Detailed explanation-1: -The primary financial risk associated with P2P payments is the potential for fraud. This can include stolen credit cards, spoofed emails or texts, and fake accounts, all of which can be used to steal money from unsuspecting victims. Unfortunately, P2P payment companies often refuse to reimburse victims of fraud.
Detailed explanation-2: -Use payment protection (when available) for non-personal transactions. Consider linking a credit card to your app. Enable multifactor authentication. Don’t send money to businesses that only accept P2P payments. Verify the recipient and amount. Add alerts to your accounts. 30-Jan-2023
There is 1 question to complete.