The next time you are at a networking event or dinner party, you can exchange phone numbers with a new colleague or friend just by holding your iPhones near each other.

The feature, known as NameDrop, became available when rolled out .

NameDrop is faster than reciting numbers out loud or trading phones and manually punching in contact information. Plus, you don't have to worry about misspelling your new contact's name. It just transfers right into your phone.

Apple lets you choose what you share with someone when you use NameDrop, so you won't accidentally give away sensitive information you might have stored on your phone such as a home address. One drawback: You can't share your email and phone number at the same time, and you can only NameDrop once between two phones unless you delete the contact and start over.

Here's how to try it for yourself.