Facebook’s Consolidation Moves Ahead With Payments Tools

Facebook Inc. is consolidating its various payments features into a single product with a new name, with plans to roll it out across all of the company’s apps.

Facebook Pay is a rebranding of a number of existing payment features into one user experience across the social network’s apps, the company said Tuesday. You can already make payments in the form of donations and in-app purchases inside various Facebook-owned products, and soon you’ll be able to do that across Facebook’s apps through one system that will store user credit and debit cards.