What does Android Pay mean to the mobile payments industry?

The Mobile Commerce Minute with Rob Woodbridge & Chuck Martin (Video)

Now there is no excuse. Mobile payments are upon us as every major smartphone operating system and platform will have the capability to make a payment by years end. The latest is Google's announcement of Android Pay at Google IO. We take this opportunity to lay out the main players - both in software and hardware - as it finally looks like the earth will be blanketed by the tech to enable mobile payments. The question is when do the consumers latch on...