The Social Payment
What it does:
The first bank-owned electronic person-to-person payments network; Send money to an email address or mobile phone number; Joint venture between JPMorgan Chase Bank, Wells Fargo and Bank of America.
Payments derived from a personal checking account can go to customers of any of the three partner banks; Eliminates need for checks or routing numbers.
Currently limited to customers of Chase, BofA and Wells Fargo.
More info: BofA, Chase and Wells Fargo Unveil New P2P Payments Network