Facebook NOT Launching App Payment System at f8

While there has recently been some speculation that Facebook will announce its Platform payments system at the 2nd annual f8 developer conference in San Francisco next week, Inside Facebook has learned from reliable sources that this is indeed not the case. While Facebook is hard at work on a payments system for application developers, it’s simply not ready to launch yet.

Facebook started taking developer applications to participate in a payments beta program last December. When ready, the Platform payments system will make it much easier for developers to build commerce-based revenue streams into their applications. Currently, some developers have experimented with other payment processing services, but nothing has really taken off.

We’ll let you know as the actual launch timeframe becomes clearer.