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Facebook to take on PayPal? Not so fast

wochit technology
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August 15, 2013 AT 11:19 AM
Facebook envisions a future when you shop on your smartphone or tablet and keep the company in the loop on all your purchases -- but the social network poses no threat to PayPal. The company plans to test a pay-with-Facebook mobile checkout option, as scooped by AllThingsD, but it's not trying to take over the complicated payments processing market.