I would like to enquire if a Card Payment or Authentication Application closing (goes back to home screen) after completing its payment/authentication process is a rejecting factor in evaluating the app for the app store.

I would like to enquire if a Card Payment or Authentication Application closing (goes back to home screen) after completing its payment/authentication process is a rejecting factor in evaluating the app for the app store.

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It probably is. You're not supposed to close an app without hitting the Home button, otherwise it looks like the app just crashed. But nobody here can say for sure what Apple will reject.