It seems rather good to me. I'd certainly be on the alert over phishers rapidly picking up on this one.
But starting Tuesday, you can just email cash, free of charge, directly from your debit card to anyone elseís, regardless of what bank each party uses. Thereís no login or password to remember and no special software or hardware required ó you just use email. It works on both ends using any email service or program on any email-capable device, whether a computer, a smartphone or a tablet.New Service Enables Sending Money Via Email [allthingsd.com]
Square Cash permits you to send up to $2,500 a week in several transactions or all at once. At launch, it works only in the U.S., and with debit cards carrying either the Visa or MasterCard logo. It isnít meant for buying things from merchants, online or off, only for person-to-person cash transfers.