Facecrooks security notes that new Facebook partnership with PAYPAL and other similar services ahead. Users should be extra cautious and use best practices in a highly public environment.
QUOTE: Facebook announced this week that it is partnering with PayPal and a couple of other ecommerce providers to give users the ability to autofill their credit card information in mobile billing apps.
The feature works when users decide to purchase or download an item via an ecommerce app, and add them to their shopping carts. At that point, if the user has uploaded their credit card information with Facebook via a Facebook Gift, credit or in-game purchase, they are presented with a button that allows them to autofill their financial info via Facebook. Facebook is essentially acting as a middle-man between users and the ecommerce businesses they’re purchasing from, but it could be the first step in a greater move by Facebook toward ecommerce technology of their own.