41–50 of 65 posts
I was quite surprised coming to the US that it is not common here as well.
I tried it out, it's super viral... I think it'll spread very easily, just like Paypal did.
https://www.pago.co.nz/section261.aspx
It was launched by one of the major banks in co-operation with one of the major wireless providers. Still, it never took off. I certainly never found myself using it. I would've thought New Zealand was a prime test market, because we are incredibly reliant on txt messaging down here; around 85% of the population regularly use txt messaging.
I should note that when I say 'identical', it was identical. They have since shifted more toward online payments. It used to be solely for one-to-one payments. In fact one of the use cases on their original marketing website was the ability to 'split a restaurant bill'. Which is similar to the use case from the venmo website.
I tried it out, it's super viral... I think it'll spread very easily, just like Paypal did.
That's what I thought when I signed up for Pago - an identical service which launced in New Zealand three years ago: https://www.pago.co.nz/section261.aspx It was launched by one of the major banks in co-operation with one of the major wireless providers. Still, it never took off. I certainly never found myself using it. I would've thought New Zealand was a prime test market, because we are incredibly reliant on txt…
In South Africa (I moved to New York five years ago), it is common for people to transfer money from their bank account to that of a friend's electronically - either online or on your phone. I was quite surprised coming to the US that it is not common here as well.
The fact that the site is "godaddy secured" fills me with confidence.
Are everyday users of this service going to care?
That will work only if it is guaranteed that the sender phone number in an SMS message cannot be spoofed. Is this the case? Does anyone know?
SMS isn't secure.
I haven't worked with US phones, but in Europe I can send you a SMS message that appears to be from any MSISDN (phone number). Violates all kinds of terms of service and contracts, but there's absolutely no technical verification of origin of standard SMS.
what happens if someone picks up your phone and writes venmo $100 to 555-123-4567 for hack. 555-123-4567 being their number? how can you issue a refund or deal with issues like this?
encryption algorithms
The fact that the site is "godaddy secured" fills me with confidence.
I get the sarcasm, but I don't get the point. Does the fact that GoDaddy has a horrible site/shopping experience from a usability standpoint somehow translate into a security stamp of approval that is "watered down"? Has GD has some major security breach? (maybe they have, I don't know). Are everyday users of this service going to care?