jordanhill9298
Answered

Bank-centric payment apps are different from third-party apps because:

A. Third-party apps are offered through banking apps, and bank-centric apps are not.
B. Bank-centric apps are added features within the bank apps.
C. Bank-centric apps only allow transfers within the same bank.
D. Third-party apps are less reliable than bank-centric apps.



Answer :

GinnyAnswer

Final answer:

Bank-centric payment apps within banks differ from third-party apps in integration, transaction scope, and independence.


Explanation:

Bank-centric payment apps differ from third-party apps in several ways:

  1. Bank-centric apps are integrated within the bank's own app, providing added features for existing bank customers.
  2. Bank-centric apps only allow transfers within the same bank, limiting their transaction scope compared to third-party apps which can function across different banks.
  3. Third-party apps are independent platforms offering services outside traditional banking channels, while bank-centric apps are closely tied to specific banks.

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