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."

Comments

Facebook and Paypal

[Guru80]

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?

This is a good idea...

[ciderbrew]

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.

Facebook? Paypal? Trust? ARE YOU ON DRUGS!?!?!?

[Chas]

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.

Re:Awfully hard to trust Facebook

[Greyfox]

I don't even trust those guys with a browser cookie, much less a credit card.