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News stories featuring Facebook:

Facebook rolls out Messenger mobile payments across US

July 1st, 2015

Facebook has made its Messenger mobile payments service available across the US following its launch in New York City in May. The service was first unveiled in March as a way for users to send and receive money for free through the Messenger app. “Add your debit card and pay anyone on Messenger in a few taps,” the social network says.

One in five Australians make in-store mobile payments

June 26th, 2015

Three in ten Australians plan to use their smartphone for all their digital money and financial needs by 2017 and one in five (17%) are already using their smartphones to make in-store payments, research from lender Fair Go Finance reveals. “50% would like to use biometrics instead of PIN codes by 2020,” the survey finds. “One in ten said they would use Facebook to transfer money to friends and family.”

Facebook expands buy button pilot

June 15th, 2015

Facebook has extended its ‘buy’ button pilot to US retailers using the Shopify commerce platform. “A small group of Shopify merchants are already using this solution to post products with buy buttons, Shopify says. “Today, we are expanding the beta test to include a variety of businesses.”

Facebook expands free Bluetooth beacon program

June 11th, 2015

Facebook is offering free Bluetooth beacons to select businesses across the US that will enable them to send “useful and relevant” information to customers about the places they visit. The move comes as an update to… More

Facebook rolls out Messenger payments to New York

May 28th, 2015

Facebook is to roll out its mobile payments service to New York City and surrounding metro areas and will add additional functionality to make it “easier to send and receive money”, an email sent out by the social network and seen by VentureBeat reveals. The service was first unveiled in March as a way for users to send and receive money for free through the Messenger app. New features include hyperlinked dollar amounts and the possibility to send payments to a single person when part of a group conversation.

Apple Pay is top choice among US consumers as mobile payment security concerns fade

April 22nd, 2015

Apple Pay has become the top choice of services among US consumers planning on using mobile payments in the next 90 days, a survey conducted by 451 Research has found — and consumers increasingly think mobile payments are more secure than credit cards. More

Facebook rolls out payments with Messenger app

March 18th, 2015

Facebook users in the US will soon be able to make and receive secure mobile payments for free via the social network’s Messenger app. The service is rolling out “over the coming months”, Facebook says…. More

Facebook to test Bluetooth beacons in New York

February 2nd, 2015

Facebook has unveiled a new service called Place Tips that works with Bluetooth beacons, WiFi and GPS to show the social network’s iOS app users “useful and relevant” information about the places they visit. Those… More

CBD launches bank branch in Facebook

October 27th, 2014

Commercial Bank of Dubai (CBD) has launched a virtual bank branch for Facebook, letting its online banking customers check balances, pay credit card bills, transfer money between accounts and track expenses from within the social network. Customers need to link their online banking profile to their Facebook account and verify the setup using a one-time password sent to their mobile device to use the service.

Kotak launches P2P payments for Facebook

October 21st, 2014

Kotak Mahindra Bank has launched a bank-agnostic payment service for Facebook that will enable 250 million Indian bank account holders to transfer money by choosing a recipient’s name from their friends list. “KayPay offers a safe and secure platform to transact on the social networking site through a two-level authentication — Facebook user ID and password, and a one-time password,” the bank explains. “Further, both sender and receiver immediately receive notifications via SMS and on Facebook about the transfer.”

Messenger to add payments

October 6th, 2014

The ability to make payments from within Facebook Messenger is on its way, according to screenshots and video footage spotted by Techcrunch. “Messenger’s payment option lets users send money in a message similar to how they can send a photo,” the report explains. “Users can add a debit card in Messenger, or use one they already have on file with Facebook. An in-app pincode also exists for added security around payments.”

Transcript: eBay CEO John Donahoe discusses the future of PayPal as an independent company

September 30th, 2014

“We want PayPal to be present whenever and wherever consumers want to pay so if that means being in other wallets, if that means being in any existing or other new ecosystems where payment occurs, our desire is to be a payments platform that can enable payments in any of those environments,” says eBay’s CEO. More

Facebook picks Stripe for buy button

September 26th, 2014

Stripe “is the sole Facebook payments partner” for its ‘buy’ button trial, Re/code reports. The service lets users purchase products from Facebook ads and page posts without leaving the social network.

IPC Media promotes magazine sales via convenience store beacons

August 27th, 2014

Publisher IPC Media is using Bluetooth Low Energy (BLE) beacons installed in 740 One Stop convenience stores across the UK to offer discounted copies of its Chat, Pick Me Up, Woman and TV & Satellite… More

Facebook closes gifts business

August 1st, 2014

Facebook is to close down its gifts service on August 12, Techcrunch reports. “Most of the team has already been reassigned to other commerce initiatives. Those include the Buy button for making ecommerce purchases within Facebook, Auto-Fill for auto-populating your billing info in other shopping apps, and Custom Audiences that let brick-and-mortar merchants retarget Facebook ads to existing customers.”

Zuckerberg: Facebook is working on payments but it will take time to get it right

July 28th, 2014

Facebook is looking into the potential of adding payments capabilities across its business, CEO Mark Zuckerberg has explained during the company’s first earnings call following the hiring of PayPal boss David Marcus to head its… More

Facebook tests buy button

July 18th, 2014

Facebook is testing a ‘buy’ button which allows consumers to purchase products through the social media platform. “With this feature, people on desktop or mobile can click the ‘buy’ call-to-action button on ads and page posts to purchase a product directly from a business, without leaving Facebook,” says the social network.

PayPal CEO joins Facebook as head of messaging products

June 10th, 2014

PayPal CEO David Marcus is leaving the online payments provider at the end of June to take up a new role at Facebook, as vice president of messaging products — prompting speculation that he will oversee… More

Bitcoin gets Facebook transfers

May 29th, 2014

US startup QuickCoin is making it possible for Facebook users to send Bitcoins to friends from within the social networking platform. “Simply log in, find a friend, click send and they get Bitcoin,” the company says. “QuickCoin works on any device, is usable anywhere in the world and, best of all, QuickCoin transfers are instantaneous, regardless of time or day.”

US sports venues to get interactive displays

May 19th, 2014

Sports venue display provider Access Sports Media is to use Blue Bite’s mTag platform to add NFC, QR, SMS and geofencing capabilities to its more than 20,000 displays in 200 US sports venues. Access’ network… More

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