Facebook NOT Launching App Payment System at f8

While there has recently been some speculation that Facebook will announce its Platform payments system at the 2nd annual f8 developer conference in San Francisco next week, Inside Facebook has learned from reliable sources that this is indeed not the case. While Facebook is hard at work on a payments system for application developers, it’s simply not ready to launch yet.

Facebook started taking developer applications to participate in a payments beta program last December. When ready, the Platform payments system will make it much easier for developers to build commerce-based revenue streams into their applications. Currently, some developers have experimented with other payment processing services, but nothing has really taken off.

We’ll let you know as the actual launch timeframe becomes clearer.

Mediabistro Job Fair

Mediabistro Event

Mediabistro Job Fair

Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job! Register now!

 

Leave a Reply

8 Responses to “Facebook NOT Launching App Payment System at f8”

  1. Jesse Stay says:

    I didn’t think they would launch it – I do bet they at least announce a few details though. The big “surprise” launch I really think will be mobile though:

    http://staynalive.com/articles/2008/07/06/facebook-to-launch-new-mobile-platform/

  2. RealGifts says:

    The RealGifts application has a nicely integrated and secure payment system.

    Check it out at:
    http://apps.facebook.com/realgifts

    The application allows you to send and receive real, tangible gifts at your door from your Facebook friends. It keeps your delivery address private, but allows you to send and receive fun, tasty, or romantic gifts at deep discounts.

  3. Trace Johnson says:

    The Mpayyment widget is already a secure payment processing application on facebook (http://apps.facebook.com/mpayyment).

    Any developers that want to build this into their applications can contact info@mpayy.com. The widget as is simply processes payments. However, Mpayy is actively looking for widget developers who want to promote some sort of commerce, and will work with them to bring our internet Point of Sale systems to bear to unlock digital content or inform inventory systems on the widget developer’s side.

    Mpayy is developed and housed by US Bank, and works with all bank accounts in the United States.

    We look forward to hearing from interested parties.

  4. FaceBay? | Eventually Consistent Thinking says:

    [...] Rumors are that FaceBook is developing a payment service and Zuckerberg doesn’t like the idea. [...]

  5. links for 2008-07-18 | Yostivanich.com says:

    [...] Inside Facebook » Facebook NOT Launching App Payment System at f8 Facebook needs to be launching this like yesterday if they are really going to be able to justify their valuation. Though at the same time, I’m not sure I would use it. (tags: facebook financial) [...]

  6. f8 Speculation Begins, What Will be Announced? says:

    [...] and developers all looking to take advantage of all the new services being announced next week. Justin Smith suggested that contrary to popular belief, Facebook will not be announcing their highly anticipated payment [...]

  7. Inside Facebook » Inside Facebook’s Week in Review for July 20, 2008 says:

    [...] 2. f8 is Coming Up This Week – Get Ready for Facebook Connect, but Don’t Expect to See Payments. [...]

  8. f8 Speculation Begins, What Will be Announced? - AllFacebook says:

    [...] and developers all looking to take advantage of all the new services being announced next week. Justin Smith suggested that contrary to popular belief, Facebook will not be announcing their highly anticipated payment [...]

Get the latest news in your inbox
interested in advertising with inside facebook?

Social Media Jobs
of the Day

Social Media Manager

Social Media Manager
Santa Monica, CA

Social Media Manager

Honest Tea, Inc.
Bethesda, MD

Product Manager - Community Platform

Maker Media
San Francisco, CA

Featured Company

Join leading companies like this one and recruit from the nation's top media job seekers on the Mediabistro Job Board. Every job post comes with our satisfaction guarantee. Learn More
 

Our Sponsors

Mediabistro A division of Prometheus Global Media home | site map | advertising/sponsorships | careers | contact us | help courses | browse jobs | freelancers | content | member benefits | reprints & permissions terms of use | privacy policy Copyright © 2014 Mediabistro Inc. call (212) 389-2000 or email us