Use Caution with Facebook Payments!

Facebook just announced a new feature that allows you to send money to a friend using your own debit card and your friend’s debit card, which of course are linked to both of your bank accounts. You need to attach your debit card to your Facebook messenger to send and receive money. Facebook claims this is all technically secure.

Apple thought their Apple Pay was secure too, but fraudsters started making cash right away gaming the system. This new Facebook payment option could allow several kinds of scams. Be alert when you get emails that claim a Facebook friend has sent you money.  Also, when a friend messages you and their account has been hacked, there could be a criminal trying to scam you by impersonating your friend.

So, anything to do with Facebook Payments: Think Before You Click!