Facebook Pay Introduces Personalized QR Codes for Person-to-Person Payments

[MacRumors]

Facebook Pay is expanding on its service by rolling out person-to-person payments via QR codes, allowing users to scan a friend or family member's QR code, and instantly transfer money.

Facebook Pay launched in 2019 as an easy and convenient service for people to transfer money to friends and family, pay businesses, purchase products, and more. It's integrated into all of Facebook's apps, including Facebook, Messenger, Instagram, and WhatsApp. At launch, Facebook Pay had already supported person-to-person payments via Messenger and the Facebook app, and now the social media giant is now hoping to target physical person-to-person payments.

As first discovered by MacRumors contributor Steve Moser, users will be prompted with a new "Scan" button in their Facebook Pay carousel. Pressing it allows users to scan a QR code for a friend or family member, select the amount, and transfer the money. Additionally, Facebook Pay is also introducing personalized payment links, which automatically direct others to a secure page to transfer money to your account.

Scott Harkey, chief strategy officer and head of financial services and payments at Levvel and who worked with Apple for its expansion of Apple Pay, tells MacRumors that despite Facebook's intention, it has work to do around changing people's perception that Facebook Pay is, and can be, a mainstream way to pay.

At the end of the day, payment methods have to solve a problem and be easier or more beneficial than existing methods. If someone does a lot of buying on Facebook Marketplace or buys a lot of things from Facebook adds, then you can see how a stored credential and in-app payment mechanism would be the most convenient. However, it’s not clear to me why someone would use Facebook QR code for P2P in person. I don’t believe many people currently think of Facebook as a way to transact or transfer money, and Facebook would need to change that perception in order for them to have any meaningful traction in the US.

Facebook Pay continues to expand globally, and a list of where and on which Facebook-owned apps the service is available can be found on its website.

Update 12:30 pm: According to sources, the QR code feature of Facebook Pay is still in testing for users in the United States and has yet to be officially launched.

Article Link: Facebook Pay Introduces Personalized QR Codes for Person-to-Person Payments

 

[AlliFlowers]

And further down the front page we find an article about Facebook being hacked and exposing millions of users' data. Is this a company anyone would chose to handle money? Seriously?

 

[Nuno Lopes]

A lot of people might because they aren’t as informed as we are. Tech news mostly appear in the tech section. Don’t know how it is in the US, but most people in Europe work and live in other areas of interests.

Imagine Banks with this kind of irresponsible behaviour. It’s crazy. Just crazy. In fact, I believe tech irresponsibility and non regulation is purposeful. Consider this, Banks do not work this way, because the very rich have ...

 

[Psychicbob]

It’s mis-titled. Should be “Pay Facebook”!

 

[imnotthewalrus]

Oh, HELL No!!!

 

[CJ Dorschel]

Zuckerberg: “A few million accounts were ‘comprised’ (again) but don’t worry, your personal information is TOTALLY safe.”

also Zuckerberg: “Hey, have you heard about Facebook Pay?”

 

[TheYayAreaLiving 🎗]

No way I’m trusting this. Stay away people.

 

[macsplusmacs]

and let facebook know everything I buy with it?

Heck. The F. No.

 

[imnotthewalrus]

In other news...

Facebook Data for Over 535 Million Users Leaked on Hacker Website

 

[subi257]

Trust FB with my money F no.

 

[BJMRamage]

I have Facebook Pay...it is very easy to use.
I have sent thousands of dollars so far.
Well, not me, somebody else keeps doing it on my account.
seems strange.

</jk>

 

[Anson_431]

Yup. Nope.

HELL NO. ?

 

[cmaier]

LOL. No.

 

[msp3]

Let's be clear: Any QR code-based payment system is low-quality, backwards, and hostile to the user. The only reason anyone would try to push this is an end run around the features that make Apple Pay (and its equivalents) safe, secure, and trusted all over the world.

The scam of course, is for the vender to reach directly into the customer's bank account where they are not protected by credit card issuers and network standards. This has been an unfulfilled wet dream for dishonest merchants for decades now and they're pushing harder than ever.

 

[Piggie]

And further down the front page we find an article about Facebook being hacked and exposing millions of users' data. Is this a company anyone would chose to handle money? Seriously?

Hacked 2 years ago remember. Which has nothing to do with any feature today.
Note, I am NOT in any way defending Facebook, but it would be like saying don't trust a new feature from Apple as they got hacked 2 years ago.

 

[Captain Trips]

Imagine Banks with this kind of irresponsible behaviour. It’s crazy. Just crazy. In fact, I believe tech irresponsibility and non regulation is purposeful. Consider this, Banks do not work this way, because the very rich have ...

And this is the reason I never created a PayPal account. Just like Facebook, Paypal is not a regulated financial entity, like a bank or a credit card issuer (for the most, I am sure there are some exceptions).

You are not going to have much recourse if things don't go your way with a financial transaction on a PayPal or Facebook platform.

 

[Stella]

More data that Facebook can harvest. No thanks. I'll send money via Interact money transfer, or internationally via existing and established methods.

 

[bLackjackj]

I'm introducing blackjackj Pay coincidentally,..deposits only at this stage ?...FB Pay, hell no!

 

[cmaier]

Hacked 2 years ago remember. Which has nothing to do with any feature today.
Note, I am NOT in any way defending Facebook, but it would be like saying don't trust a new feature from Apple as they got hacked 2 years ago.

Yes, you should not trust a company that leaked all your personal information a mere 2 years ago.

Nor one that‘s business model relies on preventing users from knowing what they do with your personal information.

 

[JoshuaBru]

No thanks Zuckf**k

 

[jweinraub]

A lot of people might because they aren’t as informed as we are. Tech news mostly appear in the tech section. Don’t know how it is in the US, but most people in Europe work and live in other areas of interests.

Imagine Banks with this kind of irresponsible behaviour. It’s crazy. Just crazy. In fact, I believe tech irresponsibility and non regulation is purposeful. Consider this, Banks do not work this way, because the very rich have ...

This had been all over the news in the US at least, all you have to do is watch TV and it was on the 12 o'clock, 4 o'clock, 5 o'clock, 6 o'clock, 10 o'clock, and the 11 o'clock news. There are commercials promoting the scandal too so even if you don't watch any news, it was mentioned. Though when mentioned on the news finally, it was no more than 20 second piece, but at the very least, it was shed to light.

 

[rdinterman]

? LOL, right!

 

[roncron]

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">via GIPHY</a></p>

 

[roncron]

Also in the news today:
https://www.macrumors.com/2021/04/05/facebook-data-535m-users-leaked/

 

[aesc80]

I'm honestly surprised they're still trying to push this kind of crap onto us? What Program Manager or Exec there said "People seriously want to use Facebook to pay their friends. They just share their banking information with us. They trust us." Pretty damn sure no one has said that other than delusional FB employees.