Square Cash now supports peer-to-peer payments sent via text message


When [company]Square[/company] launched its Cash peer-to-peer payments service last year, it made transferring funds as simple as sending an email. Apparently that wasn’t easy enough. A new update to Square Cash now lets customers transfer funds through a text message.

Square doesn’t use SMS to actually move money around. Rather, it links customers’ Cash accounts and their associated debit cards to a phone number – just as it previously linked them to an email address – and uses SMS as the notification and verification tool.

Square Cash SMS app

While Cash users could make an email payment through any web, mobile or PC email client, the SMS service requires the Square smartphone app (available on iOS and Android). You can send funds through the Cash client to anyone in your phone’s contact list or just enter a phone number. The recipient, in turn,  receives an SMS notification of the pending transfer. If…

View original post 217 more words


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s