updated 01:55 pm EDT, Thu March 29, 2012
Bump Pay brings personal payments to iOS
Bump has just released a new iOS app, Bump Pay (free, iTunes), that lets users transfer money between their PayPal accounts by simply touching their devices. Users just need to put in their PayPal account details, and enter the amount of money they want to send to another iOS device. No fees exist outside of the PayPal transaction and the needed credit card.
Users do have limitations, Bump warned. They can't create an account from within the app. The payments also need to be handled in person, and can't be collected later. Both iOS devices need to have the app installed, and it's compatible with iPhones, iPads, iPod touches with iOS 5.0 or newer installed. Bump Pay doesn't require NFC hardware, relying on wireless networks instead.
PayPal used the Bump feature in its own app in 2010, but it dropped it from the newest version. Bump as a stand-alone app for sharing personal information has been comparatively popular.