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All Things D reports that "Facebook plans to test a new payments product that would allow online shoppers to make purchases on mobile apps using their Facebook login information, according to sources familiar with the company’s plans.

"The product, sources said, would allow any shopper who has previously provided Facebook with their credit card details to make purchases on partnering e-commerce mobile apps without entering billing information."

The product is seen as a potential competitor to PayPal.

Facebook says that the test is scheduled to begin this fall.
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