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PayPal Literally Bangs iPhones Together For Money Transfers

Written by Evan Schuman
March 18th, 2010

Strong mobile applications today understand the need for extreme efficiency of movements to allow for actions with as little effort as possible. That’s been the problem with mobile payment trials; they simply haven’t proven to be any faster than swiping a credit card. A new PayPal iPhone app—dubbed Send Monday—grasps this ultra-convenient attitude and attacks the nightmare of splitting checks.

By simply banging two iPhones together (gently, please. Those things are mostly glass), payment data is shared. “With bump, users can put two iPhones together and funds are quickly transferred between their PayPal accounts,” a PayPal statement said. “The Split Check feature lets users conveniently divide and quickly reimburse each other for the cost of a meal, including tip and tax, for up to 20 people. Collect Money allows users to request money from multiple people for a joint gift, team dues, concert tickets and more.”

Posted in E-Commerce, Mobile/Wireless/Contactless, Payment Systems, Security/Fraud
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One Comment | Read PayPal Literally Bangs iPhones Together For Money Transfers

  1. Grocery Shopping Amazon Says:
    July 9th, 2010 at 12:23 pm

    Amazon today launched a grocery division offering free delivery on thousands of household goods

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