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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-qr-codes.jpg

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.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.

Article Link: Facebook Pay Introduces Personalized QR Codes for Person-to-Person Payments
Here is me waiting for Tesla or Facebook to release a new SmartPhone. :cool:
 
Dear Facebook. Had you managed yourselves as an upfront, responsible and trustworthy company people may have been more receptive to you offering these kinds of products. My suspicion is that you will force use of this product for transactions on your platform. Services like this is already a crowded space and you are too late. I look forward to people no longer using IAP in Facebook games and making purchases through your system. You are putting your own final nails in here and that seems like a certain kind of justice.
 
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.
No one ever went bankrupt betting on the ignorance of the American consumer
 
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.

I'm just saying it's a bit like finding a major iOS or Safari exploit 2 years ago, Apple then patching it, then saying don't trust Apple with something new 2 years later.

And again I'm no Facebook fan whatsoever.
It's just that what happened 2 years ago has no bearing on today.
 
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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.
I'd love an explanation about how the QR code based payments work.
I understand Apple Pay. A quasi-singleuse credit card number transmitted electronically.
I understand the Starbucks app. A 3D barcode version of my gift card number.

But places that have a QR code on the register that the app scans to pay and the apps where two people both have QR codes that they scan to each other. What information is in the QR code? Register location? The equivalent of an email address or bank account number?
What makes those less secure or different than venmo?
 
I'm just saying it's a bit like finding a major iOS or Safari exploit 2 years ago, Apple then patching it, then saying don't trust Apple with something new 2 years later.

And again I'm no Facebook fan whatsoever.
It's just that what happened 2 years ago has no bearing on today.

Your point makes no sense. If Apple had an exploit two years ago that meant that millions of users had their personal information stolen and posted on the web, then it would be perfectly natural and rational to not trust them with your personal information two years later, whether they patched it or not.
 
Why don't we all just email "Suckerberg" directly and give him all of our personal info and ALL of bank info.
When will people wise up and realize that this guy and his platform are really screwing our kids up and some childish adults too.
 
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.
Would you include ApplePay in the same group as PayPal and Facebook platform as far as protection goes?
 
Would you include ApplePay in the same group as PayPal and Facebook platform as far as protection goes?
Good question. I have not researched how ApplePay works because I have no interest in using that service at this point in time.

However, if I were to consider using using ApplePay and I did do the research, and determined to my satisfaction that ApplePay was not regulated as stringently as a financial institution, then I would not do business with ApplePay.

Same way I have treated PayPal in the past, and the same way I treat Facebook (and anything related to Facebook) today.

I expect that every single other person would do the same thing when it comes to making their own financial decisions.
 
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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.
Oh, they know they're being evil. I compete against Facebook for hiring software engineers, and my peers get approached to work at Facebook fairly often. Facebook offers giant, suspicious bags of cash to work there. It's payoff money to suppress moral dilemmas. I'm sure some of their folks were naive, but most that I know that went there knew why they were getting paid so much.
 
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