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Facebook payments business on fast track

Facebook payments business on fast track

Facebook is accelerating its efforts to become a payments company at a faster rate than previously reported. Last month the company disclosed that payments accounted for 15% of its $3.7 billion in 2011 revenue. Meanwhile, American Banker analysis indicates that Facebook has already achieved the subsequent stage of receiving money transmitter licenses in at least [...]

The post Facebook payments business on fast track appeared first on Payments Cards & Mobile.

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