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MasterCard's decision to enable banks to add an in-store payments element to their mobile banking app for NFC-ready Android smartphones has rekindled an industry debate about what works best for financial institutions and proximity mobile payments.
Robert McHugh, the co-founder of Paydunk, examines how Apple's recent announcement further fragments the industry.
Jack Jania, senior vice president of strategic alliances for Gemalto, tries to clear the air about all the different acronyms in mobile payments.