Facebook chief Mark Zuckerberg has played down the value of payments to the social network, saying that it will partner with card firms and PayPal rather than try to build its own system.
Commercial Bank of Dubai (CBD) has introduced a 'Facebook branch', enabling customers to check their accounts and transfer funds from within the social network.
Facebook has built a feature that could soon let friends send money to each other through Messenger, screenshots posted by a Stanford University student suggest.
Already working with Twitter, startup Stripe has been named as the payments power behind Facebook's new 'buy' button.
Virtual Affairs launches its digital banking platform BankingRight at the Sitecore Symposium Barcelona tomorrow.
Facebook has begun testing a 'buy' button which lets users purchase products advertised on the social network. Meanwhile, Twitter is also stepping up its commerce game, acquiring payments outfit CardSpring.
PayPal president David Marcus has quit the eBay unit to run the mobile messaging business at Facebook.
Spain's CaixaBank has unveiled an app that lets customers check their bank balances and make transactions through Facebook.
Facebook is just 'weeks away' from getting an e-money license in Ireland that would allow its users to hold and exchange money on the social networking site, according to the Financial Times.
Bitcoin wallet outfit Coinbase has hired Facebook's director of security incident response Ryan McGeehan to build its own security programme.
© Finextra Research 2014