Square Cash lets users send money via email
By Barry Collins
Posted on 16 Oct 2013 at 10:33
A new service has launched in the US that will allow users to send money via email.
Called Square Cash, the service allows users to make payments of up to $250, simply by sending an email to a contact, adding the Square Cash email address in the CC field, and entering the amount in the subject line.
First-time users will be prompted to link a Visa or Mastercard debit card to their email address. Likewise, recipients must also link a debit card or bank account details to their email address to receive funds.
Nobody is going to get taken advantage of via spoofing
The system is the brainchild of payments start-up Square, which is better known for the iPhone/iPad swipe-card accessory, allowing small retailers to accept credit and debit card payments using their mobile device.
Sending money via email raises obvious security concerns, not least the danger of someone spoofing your email address to send payments without your knowledge.
The company is, however, almost worryingly bullish about the safety of its system. "When we built the product, we were all thinking of the same thing," said product manager Brian Grassadonia, talking of the threat of spoof address to The Verge. "But the product is 100% secure. Nobody is going to get taken advantage of via spoofing."
Currently, the service is available only to US-based cardholders. Any attempt to use a British card with the system is thwarted at the point where you have to enter a US zip code to authorise a payment.
- Tech City: Easy to score when you move the goalposts
- How to remove SkyDrive from the Windows 8.1 Explorer
- Switching from iPhone to Android? Switch off iMessage
- Why is Google pumping more money into Firefox?
- Sky Broadband Shield review
- Samsung Galaxy S4: how to double your battery life
- Motorola Moto G review: first look
- IBM Watson meets Willy Wonka
- Google’s support policies shove users towards Chrome
- Lenovo Yoga Tablet review: first look
- The importance of load balancing
- Windows Phone App Studio: an easy way to create your first Windows Phone 8 app
- The end of Windows XP support: what it really means for businesses
- Don't rely on Chrome's password vault
- Using Buffer to manage your social media
- Microsoft needs its own Steve Jobs
- Forget credit cards: hackers want your Facebook account
- Can't get fast enough broadband? Here's what to do
- Leap Motion and the battle against UI stagnation
- How to build a really bad network