Future of Cash App as per their job description: $SQ— Sean D. Emory (@_SeanDavid) January 16, 2020
"develop tools that help customers understand their financial health as well as assist in financial planning & decision making… alert customers about upcoming bill payments, design personalized fee-less overdraft limits” pic.twitter.com/tddRcHRLND
Great idea:— Oh Come On! (@ratchmor) January 16, 2020
Let the user decide whether to overdraft and incur the "convenience" fee bc the app knows your bank balance. Unlike today where the bank is happy to never let your know you went over.
$SQ— Theodore (@NukeMarz) January 16, 2020
From that job description: “predict customer income via direct deposit transactions”
Together with the patent they were just issued, it sure sounds like they are going big in CashApp lending.
…with better risk data that competitors. Just like Seller loans! pic.twitter.com/Hrq1a8yJYv