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Card reader? Yes

Wallet? Yes

How wallet works: Mobile number and PIN, touchless

What's in the wallet: All credit/debit cards, bank accounts, PayPal

Who takes it? 16 national retailers (J.C. Penney, Jamba Juice, Abercombie) starting this summer

Launch date: 3/2012

@FortuneMagazine - Last updated July 10 2012: 10:51 AM ET
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