IFB: Facebook is Building a New Payment Operations Team

Although Facebook has been talking about building a payments service for years, the project has only slowly rolled out.

One big part of payments, its Credits virtual currency, launched more than a year ago and the company began testing it with third party applications starting last May.

But now, things are picking up. Most recently, a posting on Facebook’s job listings for the position of “Strategist, Payment Operations” describes the company creating a new payments team:

Facebook Payment Operations is a brand-new team that ensures, monitors, and reports on all money moving into Facebook. As a founding member, individuals have an opportunity to shape this team’s culture, role within the company, and day-to-day operations. As part of the Online Operations organization, we work cross-functionally with the Product and Engineering teams to design tools and systems to serve our hundreds of millions of users and our ever-growing base of advertisers. Projects driven by Payment Operations team members will potentially contribute millions of dollars to Facebook’s business…

> Continue reading on Inside Facebook.