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Square Debuts New Email Payment System
cagraham writes "Mobile payment company Square — best known for their smartphone credit-card swipers — has launched a new payment service called Square Cash. The service doesn't require users to sign up or make an account. Instead, they just email the person they'd like to transfer money to (with the amount as the subject), and CC 'cash@square.com.' Square asks the sender for their debit card info, and then sends a link to the recipient, who can transfer the money into any account they want within 1-2 business days."
Interesting idea that Square have come up with.
This will only be their first step. The next goal will be to have all transactions take place using their own currency denomination, Gil (G). From there, they can bypass the online gambling ban and provide real-time Chocobo Racing streamed into the home.
telnet random.openmailrelay.com 25 HELO victim.domain.com MAIL FROM: victim.email@victim.domain.com RCPT TO: dummy.prepaid.card.email@badguy.com DATA CC: cash@square.com SUBJECT: $1,000,000 Here is the payment I promised. . QUIT Profit!
The NSA can finally finance all the email spying they're doing!
There are two types of people in the world: Those who crave closure
Just how stupid are you? They gave you exactly the same card with exactly the same functionality as everyone else. Then they told you your card is special, and you bought it?
The only thing special is you... In a short bus kind of way.
If I were God, wouldn't I protect my churches from acts of me?