Germany-based Wirecard unveiled boon, a new payment solution for Android smartphones operating in four European countries. The app is now available via the Google Play Store in Germany, the Netherlands, Austria and Belgium with more to come.
boon makes mobile payments possible at every NFC-capable point of sale which accepts MasterCard Contactless. Numerous retailers, petrol stations and restaurants already support contactless payments via smartphone.
Any user of an NFC-capable smartphone with the Android 4.4 operating system or above will now be able to use boon. Users simply install the Android app on their smartphone, then register with boon and that’s it – they can make contactless payments within just a few seconds. boon is based upon a prepaid MasterCard which is issued by Wirecard Card Solutions. This can currently be topped up by bank transfer or credit card.
In addition, Wirecard has introduced “boon.protect” with a view to guaranteeing maximum security through modern standards and technologies such as PIN request. Customers receive a transparent overview of all account transactions in real time. Risk management tools and the encryption of card data via Host Card Emulation (HCE) technology add an additional layer of protection.
Wirecard’s HCE solution is both certified and verified by MasterCard.
In 2016, boon will combine not only innovative and secure payment functions but also loyalty solutions and a wide range of personal finance services like micro credits, peer-to-peer (P2P) payments and many more.
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