There is now a new competitor in the ever-growing mobile payment market after a popular company launched its own near-field communications purchasing platform.
The tech company Boku recently unveiled its new Boku Accounts, a payment platform that will allow for consumers to make purchases online and in brick-and-mortar stores, according to a report from Tech Crunch. The mobile payments system will be available to use both in conjunction with an NFC-enabled mobile phone or prepaid cards issued by MasterCard.
The system will also allow merchants to begin sending consumers personalized deals and offers, as well as connect their accounts to store loyalty programs, the report said. The benefit for consumers, apart from added convenience in purchasing, is that the system will come with a program to help track spending.
NFC payments are generally seen as being safer than regular credit card purchases, but another important factor for consumers who want to keep their finances secure is regularly checking their credit reports. If unfairly reported marks are discovered within these files, working with a credit repair law firm can help to clear up the situation.