Consumer Payment Card News

PayPal Sends Money Via iPhone App

iPhone users now have a new way to pay for goods, services or split the cost dinner with a friend using the “Send Money” application for iPhone. The PayPal “Send Money” app gives PayPal and iPhone customers around the world secure mobile access to their money and convenient features for everyday life, including Bump money transfers, Split Check and Collect Money. With âbumpâ users can put two iPhones together, and funds are quickly transferred between their PayPal accounts. 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. Users can send gifts of money on the spot for birthdays, anniversaries or any moment of impulsive generosity. With the new PayPal Send Money app, users can set reminders for recurring payments, donate money to their favorite causes, and manage their PayPal accounts â all from the iPhone. For international transactions, it also features a global currency calculator and 15 languages. PayPal Send Money requires a PIN or password for every transaction to help prevent unauthorized use. The application is now available to download for free at the Apple iTunes store online or the Apple App Store from any iPhone or iPod Touch or visit www.PayPal.com/mobile.

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