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New Wells Fargo corp card app makes paper chase a “snap”
Global acceptance to reach 1.75 billion
Unfortunate similarity to militant group’s name cited
Host card emulation benefits issuers as well as users
Near field plus host-card emulation opens door for banking/payment apps
Banks need to step up sooner rather than later
Will concentrate on application to unbanked, privacy, security, money management
Learn and embrace these acronyms: HCE, BLE, and EMV
Could reach 300 million globally as contactless cards roll out
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