Mobile banking - iPhone and iPad offer the possibility of Money transfers via MasterCard

MasterCard has launched its MasterCard MoneySend service for iPhone and iPad owners to allow them transfer money in the United States from from iPhone or iPad's. MasterCard MoneySend is now available for free download at the iPhone App Store.

Using MasterCard MoneySend option customers in the US can initiate or request money transfer via their iPhone with participating banks and credit unions, or when they create a virtual prepaid account through Bancorp Bank that is linked to an existing MasterCard payment card or checking account.

Registered MoneySend users have the ability to:

• Accept credit or debit card payments
• Send money to family members 
• Pay for informal goods and services 
• Request money from people who owe you money
• Simplify business or non-profit collection effort the Request Funds feature
• Manage MoneySend transaction history from an iPhone or iPad.