When Facebook revealed the availability of payments via its Messenger app, consumers and financial institutions raised new mobile payment system security concerns regarding data breaches and fraudulent transactions.
Facebook made the announcement that end-users could soon use its Messenger app to send money on March 17, 2015. The service will be free to use, compatible with debit cards, and available through Apple and Android mobile devices as well as desktop computers.
To send money, Messenger users will tap a new "$" icon in the app's menu. Then, they'll enter the amount to send, tap "pay" in the top right corner and enter a debit card number. The user can also enter a pin code for future fund transfers.
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