Bump began as a method of transferring information via a simple tap, and now the company behind the software has created another function for those that enjoy smacking their phones together: Bump Pay. The app requires a PayPal account, but once that’s set up a user can transfer funds by tapping their phone with a friend’s. This seems like a convenient way to transfer funds, until you hang out with that one friend that likes to steal money from your wallet; this way, all they need to do is have access to your probably-not-passcoded phone for a few seconds.

[Source: Cnet]