Facebook to offer free payment service

Facebook’s Messenger app will
soon let you send friends money,
the latest in a crowded field of
services aimed at an increasingly
wireless and cashless generation.
Services including PayPal, its
Venmo unit and the disappearing-
photo app Snapchat let you beam
money to friends and family using
smartphones linked to bank
accounts or credit cards.
Facebook’s entry, announced on
Tuesday, is free, works with debit
cards and is available on Apple and
Android mobile devices and on
desktop computers.
The world’s largest social network
will process the payments and
emphasized the service’s security
features.
Facebook will likely expand
internationally after the service
becomes available to U.S. users
over the coming months.
To send money, Messenger users
can tap a new “$” icon that’s next to
the buttons that let you send
photos, stickers or a thumbs up
sign. Then, enter the amount you
want to send, tap “pay” on the top
right corner and enter your debit
card number. To receive money for
the first time, enter the card
number.
Once you add your card number,
you can create a pin code that you
will need to enter the next time
you want to send money. On Apple
devices that have Touch ID, you can
enable this instead and authorize
transactions using your fingerprint.
To help allay concerns about
security, Facebook noted that it
handles more than a million
payments transactions on its site
every day for its advertisers and
game players.

ise opolo

Yeah

What kind of thing is this ? Hummm

Technology.