Xipwire utilizes a short code -56624 – that has been certified by mobile carriers. Using a short code instead of a regular 10-digit phone number ensures that text messages sent to Xipwire users comply with all the regulations specified by the mobile carriers – which helps keep transactions secure.
Using the service customers can fund Xipwire accounts with money from a debit card, bank account, credit card or with money that friends and family transfer to the account.
Xipwire utilizes PIN authentication so that money cannot be sent without authorizing the transaction with your four-digit code. Xipwire does not store any account information and it encrypts all passwords and account numbers to ensure security. And, in the event a user’s phone is lost or stolen, transactions can be prevented by locking the phone via an online account.
Sharif Alexandre, founder of Xipwire, said: “With Xipwire’s simplistic text-to-pay service, we’ve opened the door to consumers and businesses alike, and that momentum can establish Philadelphia as the first mobile city in the nation.
“While a text message to initiate payment is an exciting concept, it would be useless if it wasn’t secure – that’s why Xipwire has deployed a layered approach to guard against both unauthorized access and potential fraudulent activity.”
