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Facebook Autofill Wants To Store Users' Credit Card Info
cagraham writes "Facebook has teamed up with payment processors PayPal, Braintree, and Stripe, in an attempt to simplify mobile payments. The system allows Facebook members (who have turned over their credit and billing info) to click a 'Autofill with Facebook' button when checking-out on a mobile app. Facebook will then verify the details, and securely transfer a user's info over to the payment processing company. The move is likely aimed at gathering more data on user behavior, which can be used to increase the prices Facebook charges for mobile ads. Whether or not the feature takes off however, will depend almost entirely on how willing users are to trust Facebook with their credit card data."
Those two names invoked in the same sentence makes me feel a little ill. Nothing but bad experiences with both, what could possibly go wrong with them teaming up?
Why would I trust them with anything else?
It's as if they're honestly trying to get everyone to delete their facebook account. I've been considering it almost daily for the past couple years, definitely more in the past several months. The only thing keeping me on there is how much of my family resides far from my current location.
Kind of makes you wonder, "How much do I really like my cousins?" I'm very close to saying, "Not enough to keep this account."
In SOVIET RUSSIA... erm...NSA AMERICA, the Internet logs onto YOU!
I look forward to the "300million credit card details stolen" stories posted on here in a few years. And the stories of "Our Son spent 20,000 USD on crap DLC" every 5 months.
A little behind the times?
https://checkout.google.com/
http://www.google.com/wallet/
Is it better to have one person you don't trust to have your financial data, or many people you don't trust?
Given the deep contempt that Facebook demonstrates toward even the idea of personal privacy, I don't think I would want to trust them with my credit cards.
Talked to a guy last night who I had just met recently who couldn't comprehend why I wasn't on Facebook and didn't understand why my real name/face wasn't plastered all over Twitter. Some people just don't know/care about their data getting out
Fair enough. Add in a new user agreement, in large blinking red letters at the top, so the user doesn't even have to scroll past pages of deliberately obfuscating boilerplate, "Facebook will do this for you. In exchange we will gather buying info tied to your purchases through us to sell ads targetted to your buying habits. Truth be told, we don't care if you buy Depends or urine catheters or Justin Bieber tix, it's all done automatically by computer aggregate anyway."
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.
Like a lead balloon.
Just say no.
What additional harm could a 16-digit string cause when people happily and willingly furnish Facebook with their full name, sex, DOB, address, pictures, employer's name, former employer's name, school, friends' and relatives' names, hobbies, personal preferences, real-time location, etc.?
Facebook wants to index your credit card transactions for you..... Please fill in your online banking passwords. You can trust them with your data you know....
Anyone who willingly opts into this is a friggin moron.
I can understand some cases where having a Facebook account or a Paypal account is a necessary evil (mostly emphasis on "evil").
But both of these services display an almost nonexistent regard for their user bases, with Paypal going so far as to actually steal money from its users (locking out accounts with cash in them for months on end and continuing to profit from the interest, fraudulently attempting to hoover out users' bank accounts, etc).
But hey, if you want these two to potentially ruin your life by bankrupting you and reporting about it online, go ahead!
I'll just sit back and laugh at you derisively.
Chas - The one, the only.
THANK GOD!!!
Why not just use e-mail instead? There's nothing that Facebook offers that can't be done faster, better and easier with e-mail, is there?
Don't let Facebook take over your life. Take it back from them.
"Five other Visa holders like this website! Here are thumbnails of their credit cards."
...will depend almost entirely on how willing users are to trust Facebook with their credit card data.
Well, that would just be plain stupid of me. Or anyone.
Thus, as history has shown us, it'll probably happen
The next site to slashdot will be ready soon, but subscribers can beat the rush and start slashdotting it early!
Is to put these people in your hosts file...
127.0.0.1 facebook.com
127.0.0.1 login.facebook.com
127.0.0.1 www.facebook.com
127.0.0.1 blog.facebook.com
127.0.0.1 apps.facebook.com
I would hope that Facebook protects credit card data in accordance with GLB, PCI, other regulations and best practices.
But the reason they want people to put a credit card on file with them is so they can market things - they figure you're more likely to buy an impulse purchase when you have a number on file (a la Amazon) than when you have to enter a card number for each purchase.
Which is exactly why I've resisted EVERY overture Facebook has made for me to purchase something - I don't play games, I don't give gifts via Facebook, and I won't pay the $1 fee to get an FB email into someone's "inbox" rather than "other" box.
Doug
Facebook ... PayPal, Braintree, and Stripe
So a company with a horrible reputation on selling information, a company with a reputation of freezing assets, and two relatively unknown companies (at least to me) come together. Yeah, no, I'm staying far, far away from this.
Hi Guys!!!
My ism, it's full of beliefs.
that is all I have to say.
Let's get this straight, payment providers are willing to let Facebook be the front-end to their services and only exist behind an interface??? What is to stop Facebook from becoming a bank and phasing out other payment providers. This is a bad business move.
No one in this world has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.
-H. L. Mencken
The world is made by those who show up for the job.
You can easily trust Facebook with your creditcard details. Creditcard payments represent the money of the creditcard company, not yours. In case of a Facebook leak, the system is compromised, not your wallet.
Law is like the fence: tiger jumps over, viper sneaks in and the cattle stays in order. I like those fences that they inventing every day :)
...store my nuts in it's mouth.
This is part of a bigger play by Facebook. Most mail accounts in use right now are password SMTP over TLS/SSL. Yet most services on the net assume that people are in full control of their primary mailboxes. By going multi-factor on their login system, Facebook wants to establish their messaging system as a more secure, more trusted endpoint (especially for the average user with zero understanding of password hygiene) than good old email. Once they do so, and get their users trained up softly-softly on multi-factor authentication, they then quietly pitch to organizations and service providers (banks, government services, utilities, ...) to request Facebook, rather than email, as the preferred primary mechanism for staying in touch with customers.
After all, if Facebook accounts are harder to spoof than an email address -- and with the continual life history & social graph data they contain, they surely are -- why wouldn't an organization want to stay in touch with its customers that way? From the point of view of a big org concerned with identity theft and fraud prevention, it's surely a tempting way to arrange things. Facebook owns your digital identity and theirs, phishing becomes much more difficult to execute as senders are authenticated & easily verified.
The first I have to ask "Why would anyone buy something from a free site?". That is the part I really don't get. I get finding a time waster game like Angry Birds, but that money goes to Zynga and Facebook should get their cut from a Zynga rep based on someone purchasing a game designed for Facebook. It's working backwards.
Next, why would anyone purchase anything from a company with so many security problems? Facebook as been full of them since release, and not rocket science hacking problems but simple "we fucked up" problems.
Keep your "free" account, just don't use it. Don't "pay" for garbage.
-The wise argue that there are few absolutes, the fool argues that there are no probabilities.
will allow it to store credit data for them then down the road you will hear about the worst security breech of consumer data including their credit, debit and paypal accounts. They will whimper and ask how did it happen? After getting the sorry excuse... Then it will be pushed to the side just like the many other breeches in consumer data in the past. meanwhile the robots will just order a new card and move on like nothing happened.
I trust Facebook with my financial information just as far as I can throw the combined weight of every asset (both human and non) of the corporation combined.
Facebook owned by Jews.
Yo, facebook is wack.
https://www.discover.com/credit-cards/member-benefits/security/secure-online-account-number.html
Make sure everyone's vote counts: Verified Voting
Bank of America, Citigroup and Discover all have virtual credit card programs. I think BoA and Citi are better than Discover. While all three limit the virtual credit card to a single merchant, BoA and Citi allow you to set lower credit limits and shorter expiration dates, Discover's credit limit and expiration date is the same as your real card. You can also bump up the credit limit and expiration date at BoA and Citi for repeat purchases from the virtual card's merchant. I think that if you tie a virtual credit card to a PayPal account, it can pay out to multiple PayPal accounts, so you're probably better off not using Discover with PayPal if you don't trust PayPal or the merchant. Amex shut down their virtual credit card program in 2004, I don't think it's been restarted. There may be other banks with virtual credit cards, but they're rare.
Seriously, who on earth pays for Facebook?