Money In The (e) Mail

WSJ ‘s Walter Mossberg reviews "Square Cash" today.  A new and unique system to transfer cash from your bank account to a friend or family member (but not to a business).

http://allthingsd.com/20131015/the-money-is-in-the-email/

This could be the dreamed-about breakthrough because it hits all the buttons on the wish list.

1.      any debit card to any debit card, any bank

2.      no log in

3.      no password to remember

4.      no special hardware required

5.      no special software required

6.      just uses e-mail

7.      works on both ends, using any e-mail service

8.      any device, smart phone, tablet or a desktop computer

9.      did I mention it is FREE ?

Up to $2,500 per week can be moved.  In several transactions, or all at once.

Think of how easy this would make “splitting a check at a restaurant” ?  But, of course, just giving the server two or more credit cards does something similar (but with more risk of ID theft or card compromise).  This seems to trump the more complicated PayPal transfer solution, and the screens it uses are elegantly simple.  Walter Mossberg had it work rather flawlessly in his tests.  So I think this one is definitely worth looking into.  Think of transferring money as a graduation gift, or birthday gift?