Square Cash - FOX 32 News Chicago

Square Cash

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NEW YORK (MYFOXNY) -

What if sending cash was as easy as firing off an email? That's the premise behind Square Cash, which launched Wednesday and is available to anyone with a debit card.

To use Square Cash, all you do is compose an email to a friend, type the amount you way to pay in the subject title, and CC Square Cash. Square Cash then emails you and your friend to collect debit card information. You can use it as an app or go to the website.

Jack Dorsey, Twitter's cofounder, launched Square, a card reader for cell phones that is geared for small business. Square Cash is for personal transactions.

People we spoke to seem worried about security. Some worry about spoofing software mimicking Square Cash. But the company said the payment system is 100 percent secure.

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