Passbook: Apple's Answer to the Mobile Payment QuestionApple has turned its back on a mobile payment technology used by its rivals in favor of an app-centric scheme called Passbook. The technology, Near Field Communications, was missing in the new iPhone 5 unwrapped Wednesday at a press event by Apple. Instead, Apple will be putting its support behind Passbook, which will be part of the next version of its mobile operating system, iOS 6, expected to be released later this month.
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