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PayPal - The Social Payment

The Social Payment


What it does: Online and mobile payments; Bump technology enables contactless person to person payments via iPhone app; Includes remote deposit capture.

Pros: Widely used among individuals and online merchants; PayPal accounts link to credit and debit card payment options and bank accounts.

Cons: Funds not immediately available following transaction; No NFC support.

Availability: Available now.

More info: PayPal iPhone App Reaches 1 Million Downloads in Three Weeks

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