Facebook to test mobile payments service

Facebook to test mobile payments service

Credit: AFP/Getty Images

An advertisement for San Jose International Airport suggests to users to "like" the airport's Facebook page, at the airport in San Jose California, May 15, 2012. Studies have found that users spend far more time with the mobile version of Facebook?s network than they do on the browser version, but raising advertising revenues from the mobile platform has proven more difficult than for the desktop version. Facebook, the world's most popular internet social network, expects to raise USD 12.1 billion in what will be Silicon Valley's largest-ever initial public offering (IPO) later this week. AFP PHOTO / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/GettyImages)

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KMOV.com

Posted on August 16, 2013 at 8:57 AM

Updated Friday, Aug 16 at 9:18 AM

NEW YORK (AP) -- Facebook says it plans to test a mobile payments service that lets users make purchases inside mobile applications using payment information they have added to their account on the social network.
 
   Facebook is working on a "very small test" and the company says there is no set schedule for making the service available to users. The service would use payment information that shoppers store on Facebook to automatically complete checkout forms of certain mobile apps. Then, the app would process the purchase.
 
   Facebook says the company has a "great relationship with PayPal" and the service won't involve moving payment processing "away from an app's current payments provider, such as PayPal."
 
   News of the test was reported earlier by AllThingsD.
 

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