When planning an event, last-minute purchases come up all the time. Well, Paypal and iPhone have teamed up the create a bump app that allows users to make purchases quickly and easily.  Over the past few years Paypal has made financial transactions via the internet a simple process. The recent bump iPhone app is just another way the company is creating a worry free shopping environment. The new bump app lets users literally bump their phones together and send money to each other.

Another cool feature of this app is that you can donate money to great causes and charitable organizations. Currently, PayPal has partnered with various organizations, including Save the Children and Autism Speaks, to make donating to charities an  easy process. The iPhone app will also allow users to deposit checks straight from their phone. Instead of going to an ATM or bank, just take a picture of both sides of the check and PayPal will deposit the money into your online account.

How do you think you will use this app? Can you see any potential problems with the technology?