Hard pass. My biggest goal with FB is to minimize my use of it.
Here is me waiting for Tesla or Facebook to release a new SmartPhone.
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.
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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
No one ever went bankrupt betting on the ignorance of the American consumerI'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.
Disturbingly correct. Hats off!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'd love an explanation about how the QR code based payments work.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'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.
Would you include ApplePay in the same group as PayPal and Facebook platform as far as protection goes?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.
Good question. I have not researched how ApplePay works because I have no interest in using that service at this point in time.Would you include ApplePay in the same group as PayPal and Facebook platform as far as protection goes?
That should be quite a spin-fest. FB has to try and save face, yet again.Tune in at 2:30 pacific to learn more about facebook and privacy:
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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.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.