25 January 2017
visit http://www.wolterskluwerfs.com

Facebook to sell virtual currency gift cards at US retail stores

01 September 2010  |  11004 views  |  0 MasterCard & Banque Accord paypass card

Social media giant facebook is to offer gift cards loaded with Credits at retail stores across the US, beginning with the Target supermarket chain.

The new facebook gift cards will be available in values of $15, $25 and $50 at all of Target's 1750 retail stores and at Target.com, reports USA Today.

The latest extension of the facebook universal virtual currency to the high street follows last month's deal with Internet payment group MOL to sell Credits across its 500,000 outlets in South East Asia.

The gift cards on display at Target were created by GMG Entertainment which also produces Apple's iTunes cards, by now a familiar staple at supermarket check-outs worldwide.

Facebook Credits can be used to play games and buy applications on the social media Website, an activity that is expected to generate billions of dollars of transactions over time.

"We think (the cards) will be incredibly popular as a holiday gift," Dan Rose, vice president of partnerships and platform marketing at facebook told USA Today.

Target to sell facebook Credits gift cards - USA Today
KeywordsSOCIAL MEDIA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Facebook moves virtual currency offline

Facebook moves virtual currency offline

09 July 2010  |  11824 views  |  0 comments
Could Facebook wipe out the banking industry?

Could Facebook wipe out the banking industry?

15 March 2010  |  22849 views  |  5 comments
Facebook offers PayPal option for buying virtual goods

Facebook offers PayPal option for buying virtual goods

19 February 2010  |  7788 views  |  0 comments
ClickandBuy launches P2P payments app for facebook users

ClickandBuy launches P2P payments app for facebook users

18 January 2010  |  9293 views  |  0 comments
Facebook begins testing virtual payments system

Facebook begins testing virtual payments system

01 June 2009  |  12406 views  |  1 comments
Facebook users want Web 2.0 banking

Facebook users want Web 2.0 banking

04 June 2008  |  18894 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextravisit wavestone.co.uk

Top topics

Most viewed Most shared
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
10981 views comments | 63 tweets | 53 linkedin
EU watchdog tells FS firms to focus on blockchain security risksEU watchdog tells FS firms to focus on blo...
6836 views comments | 16 tweets | 25 linkedin
hands typing furiouslyBlockchain: Securities market infrastructu...
6463 views 0 | 3 tweets | 4 linkedin
China's Ant Financial goes global in bid for two billion users in 10 yearsChina's Ant Financial goes global in bid f...
6176 views comments | 23 tweets | 14 linkedin
Deutsche Bourse turns to fintech partners to build 'Exchange 4.0'Deutsche Bourse turns to fintech partners...
5870 views comments | 25 tweets | 18 linkedin

Featured job

Competitive base, 30% bonus, benefits
Charlotte, NC (USA)

Find your next job