'You've got money'
'You've got money'
Who needs routing numbers and bank account information? The next time you want to send someone money, all you need is their e-mail address or phone number, and you can charge it to your credit card with PayPal's new product, Money Messenger.

When you receive an e-mail or text message alert saying: "You've got money," you can access it with a PayPal account.

The service is free for consumers, and you can send money to people in more than 60 countries.

Discover is the first credit card issuer to debut the product. But other financial institutions, including USAA, StateFarm Bank and Amaco Federal Credit Union, have already made it available to consumers or plan to launch it soon.

Last updated May 13 2011: 1:44 PM ET

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