Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Google, Square Launch E-mail Payment Initiatives
MOUNTAIN VIEW, Calif. and SAN FRANCISCO (5/22/13)--Google and mobile payment company Square have launched separate initiatives that allow consumers to send payments via e-mail.

Google will integrate its digital Google Wallet with Gmail so users can send money to friends and family even if they don't have a Gmail address, Google announced last week (CNet May 15).

To send money in Gmail, users must hover over an attachment paperclip, click the "$" icon to attach money to the message, enter the amount, and press send.

Sending money via Gmail is currently available only on desktop computers. The service will be free.

Square also added a cash-by-e-mail feature, called Square Cash. The service is "invite only" (Cnet May 20)

To use Square Cash, users draft an e-mail to the recipient, CC: it to pay@square.com, enter a dollar amount in the subject line, and send the e-mail.

The recipient will be asked to associate a debit card with the transfer, after which the money will be sent directly to the banking account linked to it.

The sender will be charged a 50-cent fee for Square Cash.


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
16 hours ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
17 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
18 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
19 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
19 hours ago