All of the following statements about Apple Pay are true except which of the following?
A) Apple Pay is subject to recent regulations issued by the Bureau of Consumer Financial Protection applicable to GPR transactions.
B) Apple Pay is based on Touch ID biometric fingerprint scanning.
C) Apple Pay can be used for mobile payments at the point of sale at a physical store.
D) Apple Pay relies on NFC chip technology.
Answer: A) Apple Pay is subject to recent regulations issued by the Bureau of Consumer Financial Protection applicable to GPR transactions.