IFAN Financial Inc (OTCBB:IFAN) said that it appreciates Facebook Inc (NASDAQ:FB) decision to permit its users to receive or send money over its Messenger application. The new feature will emerge as a catalyst for users’ acceptance of tablet, computer and mobile transactions and payments. The feature is expected to be officially introduced in the U.S. in upcoming months.
The management view
Christopher Mizer, the CEO and President of IFAN Financial, said that the management is excited to witness a social networking leader enter the vibrant mobile payments space. The company has long-recognized the increasing synergies between mobile and social commerce technologies. The participation of Facebook in the mobile payments space will probably increase users’ adoption of ‘peer-to-peer’ funds transfers through Smartphone and eventually increase value to payments platforms.
IFAN Financial’s technology is being created as a unique mobile payment offering that uses the text messaging feature of any mobile device or a Smartphone application. The portfolio also covers innovative iPIN Technologies tools, at present in beta testing process. It will assess the device as a next-generation online payment system that offers customers with the flexibility to use a debit card to make protected peer-to-peer fund transfers or make online purchases through a tablet, mobile phone, or computer.
The future ahead
As users become more acquainted, confident and experienced in the convenience and security of mobile payment features, IFAN Financial plans to pursue potential applications and combination of its technologies made possible by the launch of Facebook’s new feature. Mizer further added that Facebook can be called as a staple of modern communication. The company looks forward to the wider results new transfer services will leave on the growing mobile payments industry. IFAN Financials strategy is to benefit from the expected momentum and discover potential opportunities to integrate the new functionality with IFAN platforms.