Passbook is a new mobile wallet from Apple that will debut in iOS. Right now it's not about payments, it's about ticket aggregation, but it's a sign of things to come. Currently, it allows you to combine your tickets and loyalty cards into one convenient place. It's intuitive, and pretty spectacular.
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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/wb3UAcKllIY/passbook-is-the-beginning-of-mobile-payments-on-ios
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