How Many People Have Used Apple Pay?

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Business, Social Studies
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University
•
Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial reaction to the number of users adding their cards to Apple Pay?
It was exactly as expected.
It was too early to tell.
It was lower than expected.
It was disappointing.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Apple Pay help banks like Chase in terms of customer engagement?
By providing a mobile way to use cards.
By increasing physical branch visits.
By offering lower interest rates.
By reducing the number of credit cards.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a unique feature of Chase's approach to Apple Pay?
It offers a simple card addition process.
It limits the number of cards a user can add.
It uses a complex verification process.
It requires users to visit a branch.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main benefits of using Apple Pay for transactions?
It requires multiple verification steps.
It is complicated and time-consuming.
It provides detailed merchant data.
It simplifies the transaction process.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential impact of Apple Pay on e-commerce?
It may decrease the number of online transactions.
It could boost e-commerce by reducing transaction abandonment.
It will make online shopping more complicated.
It will increase the need for physical stores.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is tokenization in the context of Apple Pay?
A feature to share data with merchants.
A way to store more cards on a device.
A system to remove credit card details from devices.
A method to increase transaction fees.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does tokenization help in reducing fraud?
By using a single payment code for each transaction.
By storing credit card numbers on the device.
By sharing transaction data with merchants.
By requiring a password for each transaction.
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