U.S. banks in talks to ease transfer of money with phone, email

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A link-up could be a key step toward revolutionizing the way consumers pay one another, like when roommates pay one another for rent. Electronic payments would cut banks\\' processing costs by reducing the cash they have to handle and the checks they have to process. 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Source: http://news.yahoo.com/u-banks-talks-ease-transfer-money-phone-email-040202398--sector.html

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