Facebook's Newest Feature Could Be Banking

It's no secret that Facebook is trying to become a destination site, where you do pretty much everything possible online through the social network. According to CNN/Fortune, you might soon be able to do your banking on Facebook, too.

It’s no secret that Facebook is trying to become a destination site, where you do pretty much everything possible online through the social network. According to CNN/Fortune, you might soon be able to do your banking on Facebook, too.

Facebook has already reached out to one financial institution — Australia’s Commonwealth Bank. The partnership is currently in beta testing, but likely sometime later this year, members of that bank will be able to use Facebook to pay bills, as well as to send money to Facebook friends.

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