Facebook Messenger Adds PayPal as Funding Source for Peer-to-Peer Payments
Facebook Messenger and PayPal today made it possible for people to use their PayPal account as a source of funds when paying friends and family. Facebook Messenger has supported P2P payments for some time now, but previously required people to rely on their debit card for funds. Moving forward, Messenger users can take advantage of PayPal if they wish. A blue plus icon appears in the Messenger app that takes them to the payments tool. Once added to the app, PayPal will appear as an option when paying friends or family. PayPal integration with Facebook Messenger is rolling out to U.S. users starting today. PayPal also announced a new customer service bot for Messenger. PayPal customers can access and interact with the bot via Messenger to help with customer service, such as resetting passwords or handing account inquiries. The PayPal bot can easily be found via the Messenger search field.
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Facebook today rolled out a new messaging service for children under the age of 13. Messenger Kids is a mobile application that gives kids the power to communicate via text and video with approved family members and friends.
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This summer, Samsung will launch Samsung Money by SoFi, a new financial product integrated with Samsung Pay. Like Apple Card, Samsung Money can be used as a payment method with the wallet app (Samsung Pay), the account is managed within the wallet app, and the product also includes a physical payment card.
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Facebook today made significant changes to its platform as it continues to deal with the fallout from the Cambridge Analytica breach. To start, the company now believes Cambridge Analytica was given improper access to the data of as many as 87 million people, mostly U.S.
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Facebook today made a significant number of additions to its platform that will lead to more features for end users over time. For example, a new tool will allow Facebook users to post to their Facebook Stories directly through third-party apps.