"You can now use your smartphone to settle up the dinner check or pay the babysitter or person who mows your lawn. As CBS 2′s Kristine Johnson reported, person-to-person payments are the latest craze in mobile banking. 'Banking is turning into a companion activity,' said Gavin Michael, head of digital for Chase Bank.
'You’re doing it while you’re out and about, while you’re doing other things, while you’re living your life.'
Customers can use their phones to send payments directly to someone else’s bank account. Bank of America, Wells Fargo, Citibank and Chase all have such mobile banking programs." Continue Reading