{"id":4576,"date":"2013-10-22T19:50:00","date_gmt":"2013-10-22T19:50:00","guid":{"rendered":"https:\/\/evssolutions.com\/keeping-peer-to-peer-transactions-secure\/"},"modified":"2013-10-22T19:50:00","modified_gmt":"2013-10-22T19:50:00","slug":"keeping-peer-to-peer-transactions-secure","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/keeping-peer-to-peer-transactions-secure\/","title":{"rendered":"Keeping Peer-to-Peer Transactions Secure"},"content":{"rendered":"

Its easy to connect to the Internet outside of your home
\nand office thanks to mobile devices. Whether youre accessing mobile
\nbanking<\/a>, online
\nshopping<\/a> or social
\nnetworks<\/a>, you can do just about anything from your mobile device. Consumers
\nhave long wanted a simple way to send money to other individuals. So far weve
\nseen services like PayPal and Venom, but none have really passed the simplicity
\ntest. Along with making the process simple, businesses need to remember that
\ncriminals are constantly looking to take advantage of unsecure wireless
\nnetworks, third party applications and e-mail to acquire personal information.<\/p>\n

Square<\/a>
\nrecently announced a new service called Square Cash. This service lets you send
\ncash to peers via e-mail. The process is simple and easy to use. First, you
\nopen your email program, enter the address of the person you want to send money
\nto, copy cash@square.com<\/a> in the CC field
\nand type the amount you want to send in the subject line, then hit send. The
\nfirst time you try to send money, Square sends an e-mail asking you to connect
\nyour Visa or MasterCard debit card. There is no log in or password required.
\nYou can send up to $250 a week without doing anything else. Or $2,500 a week if
\nyou provide additional details to prove to Square that youre an actual person.<\/p>\n

Digital transactions, like Square Cash, are susceptible to
\npayment fraud and identity theft because the lack of identity
\nverification<\/a>. Square says it can reverse transfers that you did not
\nauthorize which it expects you to notice by the email that is generated when a
\ntransaction occurs. The company makes no guarantees of repaying funds that are
\nmoved fraudulently. There is also no transaction history beyond the e-mails.
\nThe fact that there is no login or security measure within this program means
\nthat there will be easy access for criminals to compromise your mobile device,
\ne-mail account and debit card. Security<\/a>
\nwill be a big test moving forward with this service. If criminals begin using
\nthis service they will easily be able to transfer money to other criminals from
\nstolen cards.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Its easy to connect to the Internet outside of your home and office thanks to mobile devices. Whether youre accessing mobile banking, online shopping or social networks, you can do just about anything from your mobile device. Consumers have long<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38],"tags":[],"class_list":["post-4576","post","type-post","status-publish","format-standard","hentry","category-internet-fraud"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4576"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4576\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}