PayPal has unveiled version 2.0 of the PayPal Send Money application for the iPhone.
The new app gives customers secure mobile access to their money and convenient features, including Bump money transfers, Split Check and Collect Money.
With the new app, users can set reminders for recurring payments, donate money to their favorite causes, and manage their PayPal accounts -- all from the iPhone.
PayPal Send Money requires a PIN or password for every transaction to help prevent unauthorized use.