AmEx App Enables P2P Money Transfer Over Facebook

What's Next In Payments®
4:55 PM EDT March 1st, 2012

Serve, the person-to-person money transfer platform operated by American Express, released a Facebook app today that permits P2P money transfers over the world’s largest social network.

Related: Check out the PYMNTS.com Facebook Commerce Briefing Room

Serve acts like a wallet in the cloud, allowing users to connect bank accounts, debit or credit cards to their Serve profile. A full release explaining the details behind this week’s announcement is available on Amex’ website.

In Australia, Commonwealth Bank’s Kaching app also connects Facebook users to bank accounts. In the U.S., PayPal’s Send Money app on Facebook allows P2P money transfers.

Comments
Also by This Author
What's Hot
Alternative Financial Services
New Partnership Set To Boost B2B eCommerce
Alternative Financial Services
University of Dubai Opts For New ERP System
B2B Payments
CMS Payments Site Heading For More Downtime
News
Visa’s Worst Nightmare: Smarter Bankers
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
New Partnership Set To Boost B2B eCommerce
Alternative Financial Services
University of Dubai Opts For New ERP System
B2B Payments
CMS Payments Site Heading For More Downtime
News
Cash Use—Is It Just An Age Thing?
View All Articles ››