Square launches Square Cash for money transfers via email

Wednesday 16 October 2013 13:20 CET | News

US-based mobile payments company Square has launched Square Cash, a product that allows consumers to send money to contacts via email, online media outlet reports.

According to the source, the sender emails the person they want to send the money to with the amount of money either in the subject or body of the email and CC’s If the sender has not already added his or her debit card, then Square will instruct the sender to register a debit card on a web page with the card number, billing ZIP code and the expiration date.The recipient will get another email from Square telling them that they have received money from the sender with a link to add the recipient’s debit card, billing ZIP and expiration date. Once they type in their debit card information, this begins the transfer.

In recent news, US provider of business and financial management services Intuit has entered an agreement with Square.

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Keywords: Square, Square Cash, online payments
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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