Facebook members can use it to send monetary gifts to one another PayPal has launched a Facebook application designed to let users of the social networking site send money to each other.The application, named Send Money, features a greeting card component for accompanying the money transfer with an e-card containing a message, photos and videos to mark occasions like birthdays and anniversaries.“In a world that’s turning increasingly to social media, we are giving our customers the flexibility to send their money to whoever they want, whenever they want and for whatever ‘occasion’ they want,” wrote JB Coutinho, a senior product marketing manager at PayPal, in a blog post on Thursday.Cards are posted to recipients’ Facebook Walls, although the message is kept private. Users can also opt to just send someone money, without posting an e-card to their Wall. Almost 80 percent of active PayPal users are on Facebook. This move by PayPal reinforces the growing link between social media and e-commerce, in which the social graph is being used for a variety of shopping-related activities, such as product recommendations from friends and special-offer targeting by merchants.Juan Carlos Perez covers search, social media, online advertising, e-commerce, web application development, enterprise cloud collaboration suites and general technology breaking news for The IDG News Service. Follow Juan on Twitter at @JuanCPerezIDG. Related content news Multibillion-dollar cybersecurity training market fails to fix the supply-demand imbalance Despite money pouring into programs around the world, training organizations have not managed to ensure employment for professionals, while entry-level professionals are finding it hard to land a job By Samira Sarraf Oct 02, 2023 6 mins CSO and CISO CSO and CISO CSO and CISO news Royal family’s website suffers Russia-linked cyberattack Pro-Russian hacker group KillNet took responsibility for the attack days after King Charles condemned the invasion of Ukraine. By Michael Hill Oct 02, 2023 2 mins DDoS Cyberattacks feature 10 things you should know about navigating the dark web A lot can be found in the shadows of the internet from sensitive stolen data to attack tools for sale, the dark web is a trove of risks for enterprises. Here are a few things to know and navigate safely. By Rosalyn Page Oct 02, 2023 13 mins Cybercrime Security news ShadowSyndicate Cybercrime gang has used 7 ransomware families over the past year Researchers from Group-IB believe it's likely the group is an independent affiliate working for multiple ransomware-as-a-service operations By Lucian Constantin Oct 02, 2023 4 mins Hacker Groups Ransomware Cybercrime Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe