Email money

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https://apps.facebook.com/paypal_sendmoney/

http://www.techworld.com.au/article/407820/paypal_launches_facebook_app_sending_money

PayPal launches Facebook app for sending money
Facebook members can use it to send monetary gifts to one another

Juan Carlos Perez (IDG News Service)

PayPal has launched a Facebook application designed to let users of the social networking site send money to each other.

The application, named Send Money, features a greeting card component for accompanying the money transfer with an e-card containing a message, photos and videos to mark occasions like birthdays and anniversaries.

"In a world that's turning increasingly to social media, we are giving our customers the flexibility to send their money to whoever they want, whenever they want and for whatever 'occasion' they want," wrote JB Coutinho, a senior product marketing manager at PayPal, in a blog post on Thursday.

Cards are posted to recipients' Facebook Walls, although the message is kept private. Users can also opt to just send someone money, without posting an e-card to their Wall. Almost 80 percent of active PayPal users are on Facebook.

This move by PayPal reinforces the growing link between social media and e-commerce, in which the social graph is being used for a variety of shopping-related activities, such as product recommendations from friends and special-offer targeting by merchants.

"THREE MAJOR banks are making money transfers just a click or a call away with a new PayPal-like payment service."
http://articles.nydailynews.com/2011-05-26/news/29602464_1_head-of-payments-strategy-money-transfers-mobile-payments

What Does Email Money Transfer - EMT Mean?

"A retail banking service that allows users to transfer funds between personal accounts using email and their online banking service. Email money transfers are considered secure because only the notification of transfer is done through email. The actual funds are settled through the existing funds transfer networks that banks have used for years. "

http://www.investopedia.com/terms/e/email-money-transfer.asp#axzz1bWbLzKdL

"An Email Money Transfer resembles an e-check in many respects. The money is not actually transferred by e-mail. Only the instructions to retrieve the funds are."

http://en.wikipedia.org/wiki/Interac_e-Transfer

Examples:

Pop Money

https://www.popmoney.com

Zashpay:

http://www.zashpay.com