Banks are playing catch-up in many emerging markets where telecommunications companies and networks of agents have been using SMS and text messaging to transfer funds to phones, with the phone owner then able to turn text to cash at a merchant or agent.

FORBES: Emerging Markets Mobile Banking Runs Ahead Of Google Wallet

Mr McKevitt's lawyers said he had never met Mr Rupert and that the agent invented evidence for cash.

ECONOMIST: Northern Ireland: Real danger | The

The agent found envelopes with cash, which she considered suspicious.

WSJ: Airport Screening - Are TSA Searches Going Too Far?

Both the receiver and the M-Pesa agent then receive a confirmation for withdrawal, which instructs the agent to give the customer cash.

CNN: SHARE THIS

Through the Trusted Agent Network (TAN), P2P Cash enables businesses and consumers to send and receive mobile payments securely, conveniently and cost-effectively.

FORBES: Enabling Lower Cost Peer-To-Peer Money Transfers?

So the next wanna-be Jeter free agent may want to be a Philyanksox so he can cash in on his current goodwill for a post-player economic life.

FORBES: Can Money Buy A World Series Championship?

My same Hawaii honeymoon friend was ready to fork out actual cash for business class seats to Australia last year, and his travel agent actually talked him down and was able to upgrade coach seats on Air New Zealand with his United miles (he had already tried).

FORBES: Why You Need A Travel Agent, Part 2

During the boom years, lenders offered mortgages to people with no cash for a deposit and no documents to prove a steady income, sighs a local real-estate agent.

ECONOMIST: The economy: the problem