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Amazon Local Register Faces New Competition in Mobile Payment Wars (Nasdaq: AMZN)

By , Associate Editor, Money Morning • @TaraKateClarke -

On Tuesday at its gala event, Apple (Nasdaq: AAPL) unveiled its mobile payment device, the "Apple Pay." It will compete with Amazon (Nasdaq: AMZN), which just launched its own swipe-to-pay device, the "Amazon Local Register," in August, and current market leader Square.

Here's a side-by-side comparison of how Local Register, Pay, and Square stack up...