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
News
Square Launches Register App Platform
News
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
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
Merchant Innovation
Apple Pay Launch Week By The Numbers: 46B, 58M and 1
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
View All Articles ››