First came Western Union. Then came Pay Pal. Now, there’s another way to send cash fast, and you can do it through email.
It’s called Square Cash. It’s available to anyone who has a debit card and an email address. In 2013 America, that’s the vast majority of the population. The?sender emails the recipient, the amount you’re sending the recipient and cc cash@square.com. You’ll be sent to the website, type in the debit card number, and the recipient gets the money. The advantages to this are many: you don’t have to wait days for a check to be mailed and wait more days for that check to clear. You don’t have to remember numbers and go into some convenient stores who may or may not have the cash to fulfill the request, not to mention the lines. You don’t have to remember codes, passwords or reference numbers. You don’t need a special account; it goes straight to your debit card. No middle man needed.
Now there are some negatives. Security seems to be very loose. A hacker or ID thief can pretend to be you and get the money from themselves. Someone can break in the sender’s debit card and get the money meant for the recipient. Square cash makes it’s debut on iPhone and Android. But if hackers can break into cars and tamper with cars, you know?they can hack into debit cards. And nobody is saying anything about spoofing or other security methods. So would you use Square Cash as a sender or a recipient?