With the growing use of mobile phones, social networks, and ecommerce, a new way to pay for retails items both online AND offline has emerged.

SelfBank, which is launching in early 2009, will help merchants accept payments by mobile phone. Their unique technology promises to limit risk of identity and stored-funds theft, since the personal information and stored-money will be kept elsewhere "off the phone".

To get more details on Selfbank, visit their site here.