We've had the chance to rent movies and otherwise purchase content through Facebook; wouldn't it make sense if we could sign in to Facebook to buy goods elsewhere? The social network certainly thinks so, as it just confirmed to AllThingsD that it will be trialing a mobile payment system in about a month. The service is reportedly very PayPal-like -- Facebook users with credit cards on file would just have to log in to make purchases inside of a mobile app. Only the flash sale outlet JackThreads is participating in the test at this stage, and there's no mention of when the trial period expires. However, a full-fledged launch is potentially a major advantage for the House That Zuck Built. The payment system would give Facebook both a larger foothold in e-commerce and more insight into what members are willing to buy from advertisers.
Filed under: Cellphones, Internet, Mobile, Facebook
Source: AllThingsD
Source: Engadget RSS Feed http://www.engadget.com/2013/08/15/facebook-to-trial-mobile-payment-system/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget
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