Moynihan: Mobile Payments a Big Win for Customers

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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the initial challenges faced by Bank of America with Apple Pay?
Technical glitch causing duplicate transactions
High transaction fees
Lack of customer interest
Security breaches
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary benefit of tokenization in mobile payments?
Improved customer service
Lower transaction costs
Increased transaction speed
Enhanced security and privacy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are considered potential beneficiaries of the move to mobile banking?
Only merchants
Only customers
Only banks
Banks, merchants, and customers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main advantages of making transactions more electronic?
More complex processes
Higher transaction fees
Reduced customer convenience
Increased security and efficiency
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the use of mobile devices for deposits changed over time?
It has increased rapidly
It has been inconsistent
It has remained the same
It has decreased significantly
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