Payments via Facebook Messenger might become a Reality soon

Andrew Aude, a Stanford computer science student, recently made revelations about payments as an in-app feature in Facebook Messenger. He used an iOS app exploration developer tool called Cycript to capture some screenshots and a video, which suggest how the payment feature would actually work when made public. In addition, Jonathan Zdziarski, a security researcher had actually discovered the presence of payments code in the Messenger app last month.

The news was first released by TechCrunch and it talks about how the payment feature might actually work on the Messenger UI. The Messenger’s payment option will let users share money similar to the way they share media content such as photos. Users can either use their payment cards which they have stored on file with Facebook or add new debit card information. There is also an add-on security feature which involves the use of a PIN code.

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.