Splitting the Check as Easy as 'Bumping' Phones

It's the one major drawback of a group dinner out: The check arrives, and everyone struggles to pay in a chaotic clash of cards, cash and IOUs. But the newest version of an iPhone app from PayPal attempts to take the pain out of splitting the bill. Released earlier this week, the application helps PayPal and iPhone customers transfer money by simply bumping their phones together. PayPal, an eBay company based in San Jose, Calif., lets registered users send money securely over the Internet....Full Story
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