According to a TechCrunch post, VeriFone has announced that its PAYware Mobile App will be enhanced to support PayPal’s merchant acceptance application using VeriFone’s encrypted card reader for the iPhone.  Also, the PAYware Mobile App will be enhanced to support PayPal Bump technology that enables iPhone users to bump their phones together to transfer money between them.  In addition, PAYware Mobile will offer integrated transaction reports for PayPal and traditional card payments. 

For more on PAYware Mobile, the iPhone reader and service plan pricing visit: http://verifone.merchantrates.com/verifone.aspx