The mobile payment system that some believe has the power to truly launch widespread consumer adoption of this platform recently received further approvals from the U.S. Patent and Trademark Office.
Just a few weeks after receiving initial approval on some of the technology for its proposed iWallet mobile payment system, Apple once again got good news from the government on that front earlier this week, according to a report from the International Business Times. More patents were issued for the iWallet technology, including those that will help to keep users' payment data safe, making it more likely that this payment technology will be included in Apple's next-generation iPhone.
Among the technologies that are now expected to come embedded in iWallet are the ability to manage and view data for several individual credit card accounts, parental controls, authorization requests and even the ability to flag fraudulent activity.
Experts say mobile wallet technology will be more secure than traditional credit card purchases, however, consumers cannot be sure their borrowing histories are free of unfair or erroneous entries unless they order copies of their credit reports. Working with a credit repair company can clear up any of these issues.