APPLICATION LAYER
PEER TO PEER PARADIGM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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by typing in the recipient’s information by hand
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by asking the recipient to send you a payment request first
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by contacting the recipient beforehand to tell them you’re sending money
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by texting the recipient to make sure they received the money
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Detailed explanation-1: -Which of the following statements is correct about using a P2P app or service safely? P2P payments should not be used to send or receive payment from people you do not know.
Detailed explanation-2: -Keep your personal information private: If you use social media, avoid sharing things like your address, phone number and other personal details. And ignore friend requests from people you don’t know. Protect your passwords: Use different passwords for P2P apps and other sites.
Detailed explanation-3: -If you mistype a recipient’s email address, phone number or name, the money could go to the wrong person. Double check your recipient’s information before you send a payment. Again, because you’re authorizing transactions yourself, banks and credit unions aren’t responsible for money you send to the wrong person.