“It’s easy and free,” Facebook said, pertaining to its new Messenger feature that will allow users to send money to their friends.
On March 17, the website has revealed its upcoming feature soon to roll out to users within the United States in the coming months.
Users, through the Facebook Messenger app, will be able to use their debit cards by linking their accounts to the service. Money transfers will be as easy as sending a picture or even a text message.
Security is of top priority, according to Facebook.
“We use secure systems that encrypt the connection between you and Facebook as well as your card information when you ask us to store it for you. We use layers of software and hardware protection that meet the highest industry standards. These payment systems are kept in a secured environment that is separate from other parts of the Facebook network and that receive additional monitoring and control.”
The social network giant has also prepared a team of individuals who are specialists in fraud detection to monitor purchases deemed suspicious. This ensures that each account is as safe as possible.
A Visa or a MasterCard debit card is needed to utilize this upcoming feature. Both card types should be issued by a U.S. bank. Users will be asked to create a PIN for added security. iOS users, meanwhile, will be allowed to secure their accounts with Touch ID.
The new feature will be available for Android, iOS, and desktop computers.
The Wall Street Journal isn’t entirely surprised with the announcement. In a separate report, the news provider mentioned the recent appointment of PayPal payment subsidiary president David Marcus to Facebook as vice president of messaging products.