Today’s most interesting stories in technology, media and entertainment:

PayPal’s new iPhone app lets users send money to each other. Making a transaction is as easy as bumping your iPhone with a friends, and instantly moves money from one account to another. The new application also makes it easy for users to share a restaurant bill by dividing amounts and calculating both tax and tip.

Comcast is set to broadcast the Masters in 3D. The tournament will be one of the first events to be broadcast over a cable network in 3D. The cable provider is also working with IBM to stream the Masters in 3D on the Internet, though users will have to purchase 3D glasses.

A new Netflix application will allow Windows Phone 7 users to stream movies on their phone. The new technology was displayed at a recent keynote and video from the event shows a clear, well-buffered picture. It has yet to have been determined if or when such an application will be available for the iPhone.

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About Shelly Palmer

Named one of LinkedIn’s Top Voices in Technology, Shelly Palmer is CEO of The Palmer Group, a strategy, design and engineering firm focused at the nexus of technology, media and marketing. He is Fox 5 New York's on-air tech and digital media expert, writes a weekly column for Adweek, and is a regular commentator on CNN and CNBC. Follow @shellypalmer or visit or subscribe to our daily email

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"PayPal iPhone App As Good As Cash" by @ShellyPalmer

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