Facebook wants to auto-fill your credit card details - would you trust it? [POLL]

Filed Under: Facebook, Featured

Facebook wants to auto-fill your credit card details when you shop onlineOn Monday night, a very hush-hush Facebook tiptoed into testing an "Autofill with Facebook" feature - autofill your credit card information, that is - that it will begin rolling out to some users this week, according to The Verge.

According to sources familiar with the company's plans, the new payments product will allow online shoppers to make purchases on mobile apps using their Facebook login, AllThingsD reports.

Wait, you say - Facebook has my credit card information? Where did it get it from? The NSA?

No, no, no, Facebook doesn't have your credit card details. As far as I know. Yet. Unless you've already given it to them, that is, to buy e-sheep or whatever on FarmVille or some such Facebook app, you crazy e-farming nut, you.

If you have given Facebook your credit card information, you'll be able to buy things on partnering e-commerce mobile apps without having to enter your billing information - instead, you'll be able to use your Facebook account to fill it in for you.

Facebook told The Verge that Facebook Login will not be required for Autofill to pop up, but that users will need to be logged into the Facebook app on their device and have their card already on file with the network in order to see it.

AllThingsD says that Facebook has been testing the payment feature with "a handful" of retail partners. Only a small group of users now have the feature enabled and can only use the new "Autofill with Facebook" through apps from two pilot partners: clothing retailer Jack Threads and photo printer Mosaic.

Facebook will reportedly scale up the service as it continues testing and as it signs on more retail partners.

Is Facebook looking to replace PayPal or to compete with its payment services brethren - Google Wallet, Amazon, ProPay, Square, or startups such as Braintree, Stripe and Klarna?

Sucharita Mulpuru, a retail analyst at Forrester Research, told AllThingsD that it sure sounds that way.

Facebook might be playing coy, but for what it's worth, it told AllThingsD that no, no, that's crazy, given how tight its relationship is with PayPal. For now, it's focused on simplifying checkout, with a setup that will still allow partnering commerce companies to still work with whatever payment processor they like.

After all, as all the payment services providers well know, entering payment information on our dinky little devices is a bit of a pain.

As its name suggests, the feature appears to simply fill information into existing forms, rather than completely taking over the process of checkout.

But would anyone actually trust Facebook with their financial information?

No, Mulpuru told AllThingsD:

Nobody trusts social networks with their financial information, and they are certainly not going to trust Facebook. ... Maybe they have a few million people that have bought something on things like FarmVille, but that does not a network make.

A commenter on the Verge story, Tuan X, pointed out that it's not appropriate to freak out, given that the PayPal-ish, Google Wallet-esque service is opt-in:

Well the plus with all of these services is that everything is an option! Sometimes people get out of hand & think Facebook or whomever is trying to steal their life & identity when they, 91.3% of the time, don’t have any info that they haven’t give them themselves.

Thank you for the reminder, Tuan X, but I'm instead opting for full, adrenalin-overdose, skin-tingling freakout on this one.

If this stays opt-in, then fine. Go forth, Facebook, and feast upon the valuable in$ight you and your advertisers will undoubtedly glean from the types of products and services your users buy off of Facebook.

But Facebook has never shown much taste for opt-in. We see that repeatedly.

The most recent example is a proposed privacy policy change that would rubber-stamp the use of teenagers' names, images and personal information to endorse products in advertisements, with Facebook declaring that it's going to deem teens' presence on Facebook as meaning that their parents or legal guardians have agreed that commercial use of their tots is all fine and dandy.

Will Facebook someday require us to hand over credit card information to get or maintain our accounts?

It sounds far-fetched. Maybe that's a paranoid idea.

Maybe the only thing we have to look forward to, at least in the near future, is the prospect of Facebook handling part of the mobile payment process.

What could possibly go wrong?

Please share your rants, screams of terror and maniacal laughter in the comments section below.

, , , ,

You might like

16 Responses to Facebook wants to auto-fill your credit card details - would you trust it? [POLL]

  1. Sumio · 308 days ago

    I don't even trust Facebook with my name or pictures and financial information would be the last thing FB would get from me. They seems to have pushed the boundaries now and most people I speak to are one step from leaving the so called Social Networks. They are more happy with their friends in the real world.

  2. wally · 308 days ago

    I don't trust facebook with anything.

  3. Don · 308 days ago

    I Don't trust them with anything.

  4. fuzzy · 308 days ago

    I trust facebook so little that I am not even ON there.

  5. ScottK · 308 days ago

    Facebook could easily ask for a credit card number to "verify age requirements"...
    Oh God...simply the thought of that makes me shudder.

    • Hearth · 307 days ago

      I think if they started doing that, they would lose a large portion of their user base. Even folks who normally would "trust" facebook I suggest would not be happy about giving out credit card details.

  6. spryte · 308 days ago

    To quote a valuable resource:

    "What could possibly go wrong?"

  7. Wolf_Star · 308 days ago

    For me, Facebook is a fairly innocuous way to keep up with some distant friends. I share absolutely NOTHING on there of a personal value (aside form liking a comment or picture or dog story, but the moment that Facebook requires a credit card or the equivalent for say, age verification, it's history.

    Facebook isn't about feeling good or happy or connected. It's about MONEY. Period. And everyone knows that advertisers will pay big bucks to (figuratively?) get into bed with any and everyone they can to find some new way to approach their victims, er, targets, er...(naw, I think I'll stick with victims) with new things to sell.

    Remember, nothing is really private on the Internet. Once you post it anywhere, it's no longer yours (that's what the "Cloud" really means...ever try to pin one down?)

    Facebooker Emptor.

  8. Andrew · 308 days ago

    ARE FB nuts no way on earth Jose. I will keep all my credit info to myself thank you. Good luck with your intentions FB but I think you will find people are not as stupid as you might think.....what with the NSA trying to collect everyone's financial data. and them having a back door key to your servers. kiss that idea goodbye.

  9. Scott · 308 days ago

    Absolutely not! Facebook has proven themselves time and time again to NOT be trustworthy when it comes to privacy! It's a decent social site as LONG as one takes care of what to put on their Facebook and to continually check their privacy settings, this however does NOT mean that they could EVER be trusted with my CC information!

  10. Deramin · 308 days ago

    The poll results actually make me feel better about humanity (or at least Naked Security readers as representative of humanity). I'll not sure we could get such a lopsided opinion is the poll was asking if Facebook should kick puppies. I barely trust my bank with my financial information. Why would I trust Facebook when the only thing you can trust them to do is break your trust and sell you to the highest bidder?

  11. Sanminoo · 307 days ago

    facebook account no

  12. Given the way they are suggesting they can use kids pictures for ads:
    http://nakedsecurity.sophos.com/2013/09/24/teen-p...

    .... Oh come on, someone has had a lobotomy surely?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

About the author

I've been writing about technology, careers, science and health since 1995. I rose to the lofty heights of Executive Editor for eWEEK, popped out with the 2008 crash, joined the freelancer economy, and am still writing for my beloved peeps at places like Sophos's Naked Security, CIO Mag, ComputerWorld, PC Mag, IT Expert Voice, Software Quality Connection, Time, and the US and British editions of HP's Input/Output. I respond to cash and spicy sites, so don't be shy.