Developing its own direct billing system, Facebook is moving toward a closed-loop payments platform in which there is no room for outsiders like BOKU....
Exploiting its monopolistic status as the sole issuer and processor of its virtual currency, Facebook has found a second major revenue source in payment fees....
Barclays' Pingit shows why Dwolla's business model of facilitating instantaneous P2P payments stands no chance against what the big banks can offer....