Facebook to trial PayPal-style mobile payment system

We've had the chance to 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

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Source: AllThingsD