Payments startup Ribbon, which launched last year with a focus on making it easier to accept payments online across websites, blogs and social media services like Facebook and Twitter, is expanding in a new direction. The company is now working to develop a person-to-person payments service that will allow users to send money to friends over the web. ...
and for the lolz:
"... The site has changed again today, offering still few details on the product, but adding that the service won't hold your money for a week before you cash out, and won't freeze accounts without explanation - something PayPal seemsfond of."