Emailing money by Cell Phone? Would you?

By : Administrator
Published 16th November 2009 |
Read latest comment - 23rd November 2009

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.

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
Comments
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.

Stavros

forum avatarbiz-angel
16th November 2009 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.

forum avatarKip FX Design
17th November 2009 9:02 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.

new startup I was reading about.
Mobile Money | Welcome

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...

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

forum avatarrfresh
20th November 2009 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.

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.

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

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