Emailing money by Cell Phone? Would you?

sjr4x4 · #1 (**permalink**) 16-11-09, 10:47 AM

Saw an article on Business Week, Got A Cell Phone? I'll E-Mail You Money

Basically its a telecom service thats been around for a while, but is due to launch in the US, giving cell phone users the ability to email money from their phones.

Concept is pretty good, I'd worry on the security side, ie you lose it or someone steals your phone, but be interesting to see if it takes off.

Stavros · #2 (**permalink**) 16-11-09, 11:50 AM

Hi Steve
I would view this is the same way as what if someone stole your laptop.
You and I both know how easy it is to crack a windows password.

if like a lot of people I know keep a non encrypted text file with there login and password details its game over.

biz-angel · #3 (**permalink**) 16-11-09, 12:36 PM

Technologies been around for a while, in the third world, cell phones are used to pay bills and perform transactions. I dont think losing the phone will be such a big deal as the phone itself doesn't hold any financial information, so i guess it would be like losing your wallet, simply tell the bank.

Hopefully any fraudulent transactions would be refunded as they are with credit cards.

I think it could take off in a big way, after, we've all got a phone.

Kip FX Design · #4 (**permalink**) 17-11-09, 09:02 AM

I do not like it, and not sure that I would go for it, I do use a blackberry, and have all possible mobile apps I need when out and about, I can easiliy use the browser to go online and pay a bill, not sure I would like to save any info on a product that gets lost far too easily, as items get more secure, thieves get more cunning.

Stavros · #5 (**permalink**) 20-11-09, 09:59 AM

new startup I was reading about.
Mobile Money | Welcome

sjr4x4 · #6 (**permalink**) 20-11-09, 10:28 AM

Quote:

Originally Posted by Stavros

new startup I was reading about.
Mobile Money | Welcome

What a great looking site, proper web 2.0 stylie.

Although would be worried about the Java navigation buttons which will struggle to get indexed, but I digress...

rfresh · #7 (**permalink**) 20-11-09, 11:42 PM

It depends on what technology they are using? If it's https then sure I would do that if I had to from my cell phone. Https is a trusted, secure way to handle money transactions (credit cards mainly) but I wouldn't use any other protocol.

sjr4x4 · #8 (**permalink**) 23-11-09, 05:28 PM

Quote:

Originally Posted by rfresh

It depends on what technology they are using? If it's https then sure I would do that if I had to from my cell phone. Https is a trusted, secure way to handle money transactions (credit cards mainly) but I wouldn't use any other protocol.

Good point, assume it would have to be https, or at least you'd hope so.

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