You can connect a debit card to access funds, but whoever you're sending currency to doesn't need a bank account as it'll work with services like Western Union. Since it's said to be available on any device, we'd surmise that the whole thing is driven by an app of some sort, but MasterCard hasn't spilled those details just yet.
Send is live in the US, with Berkshire Hathaway and FreeShipping.com being the first to sign on. We'll be curious to see if it can take on the likes of PayPal and Venmo for beaming money to pals from across the table -- should the need arise.
Tuesday, May 19, 2015
MasterCard Send Is A New Way To Distribute Funds Quickly
8:46 PM
Unknown
