It is somehow fitting that University of Chicago business school students would develop an iPhone app that works by bump, not touch, on Apple’s famed screen. After all, it was a former U of C professor, President Barack Obama, and his wife, Michelle, who helped to popularize the fist bump.

The new iPhone app, called “Bump,” transfers data from one iPhone to another (or an iPod Touch) simply by bumping each other. While one person holds an iPhone, he “bumps” hands with another user holding her iPhone. Then detailed contact information or just select data, such as a phone number, is shared.

The company says information is exchanged in less than 10 seconds. Take a look at how it works here

Source: Chicagotribune.com