Payments side of Facebook Messenger revealed
2:54

Payments side of Facebook Messenger revealed

Tech Industry
Facebook is going after PayPal and HP is splitting in two. I'm Bridget Carey and this is your CNet update. [MUSIC] When Facebook forced smartphone users to download a separate messenger app to privately chat with friends, it wasn't a popular move. But that messenger app could soon evolve into much more than a chatting tool. There's code built into messenger for mobile payments, so you can send money to friends. And new screenshots reveal that Facebook could be ready to turn on this feature any day now. A computer science student at Stanford hacked the app. To reveal options currently hidden from users as reported by TechCrunch. These new screenshots show that Facebook would add a debit card, but theres no clear indication if Facebook would charge a transaction fee. Back in July, Facebook did say it was working on a payments feature. It's not really that big of a surprise because the person in charge of the messenger app in Facebook. Used to be the president of PayPal. Messenger would not only compete with PayPal, but also with Squarecash and Googlewallet. PayPal is also in the news, because parent company eBay announced it would split off PayPal into a separately traded company next year. And that's not the only company going through a separation. Hewlett-Packard is splitting into two companies, and that's expected to finalize by this time next year. There will be Hewlett-Packard Enterprise, which focuses on word play services, software and servers. And the other company that handles consumer PC and printers will simply be called HP Ink. The new HP Ink also plans to get involved with 3D printing. Looking ahead there are quite a few new products to be unvailed in the next few days. HTC has an event Wednesday to show off some sort of camera related product. Something called the RE Camera has been tesased, and there are also reports and leaked images that HTC is working on a new phone called the Desire Eye, and it has a 13 Megapixel front facing selfie camera. Sony smartphones aren't big in the US, but maybe it holds to change that on Thursday. It'll show off a new product at an event in New York called Demand Great. Later on Thursday night, Tesla will reveal a new electric vehicle called the Tesla D. Embrace yourself for new iPads next week. Reports say Apple will have an event on October 16th to show off new iPads and Mac computers. Loaded with the new Yosemite operating system. We can see iPads with the touch id fingerprint sensor, and maybe it'll come in a gold color. Rumors suggest Apple's working on a larger 13 inch iPad, but that may not arrive until next year. That's your tech news update. You can get more details on these stories at cnet.com. From our studios in New York, I'm Bridget Carey. [MUSIC]

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