Which of the Following Safety and Privacy Features is Not Included in a P2P App or Service?

lending

Whenever someone asks this question, Which of the Following Safety and Privacy Features is Not Included in a P2P App or Service? You will always find these options:

  1. A User pin
  2. Representative call for confirmations of payments of over $100
  3. Opt-out for data sharing
  4. Verification of payment before sending

 And the correct answer is: B 

Representative call for confirmations of payments of over $100.

Explanation:

I will explain each point in detail for your better understanding.

  1. A User Pin is an important security feature that is always included in P2B apps.
  2. You won’t commonly find that you receive the call by paying over $100, but you will receive a message for verification.
  3. Opt-outs for data sharing are commonly used in P2P apps to improve the security of data and allow users to have full control over their data.
  4. One of the main features that every P2P service includes is the verification of payment before sending. You will receive the one-time password for verification; unless you don’t verify, payment will not be processed.

What is a P2P app?

P2P app means peer-to-peer. It is a digital platform that allows you to make payments or receive payments to any individual, company, or association. This eliminates traditional bank transactions where you have to wait in a long queue to make any financial transaction.

You can send or receive any payment within minutes, provided that you have their account details.

Leave a Reply

Your email address will not be published. Required fields are marked *