Facebook is working on a pilot system which could rival PayPal by allowing users to make mobile purchases using their log-in details.
The social networking site has confirmed plans to test the new service which would reportedly enable shoppers to buy online without entering their credit card details each time.
It is said to have partnered with a men's shopping site for the pilot.
The social media giant could find itself pitted against PayPal if the testing phase proves successful.
A Facebook spokesman said: "We are working on a payment test".
The site would not expand on its plans but it is said to be focused on improving the mobile checkout experience.
According to tech website All Things D, the service would still allow companies partnering with Facebook to work with their chosen payment processors.
"If eventually expanded to more partners, the product would also potentially give Facebook keen insight into the shopping habits and preferences of the company's users, a lucrative set of data for the world's largest social network to gather," All Things D concluded.
The social networking site has already promised a shift away from its "Credits" system to introduce local currency payments - expected by September 12.
This aims to simplify the purchase experience for users and make it easier for developers to price virtual goods for a global audience.
"Since we introduced Credits in 2009, most games on Facebook have implemented their own virtual currencies, reducing the need for a platform-wide virtual currency, " the site said when it introduced that system.
"As a result, we are updating Facebook Payments to support pricing in local currency instead of Credits."
Find the hidden meanings in logos
Facebook piloting payments system
According to webdesignerdepot, the arrow under the word Amazon from the A-Z has two purposes. First, it is meant to highlight that the company sells everything from A-Z, and second it's a smile - meant to emphasise a focus on customer satisfaction.
The same website highlights that if you focus hard on the logo you can see a white arrow between the E and the x, emphasising speed and precision. It's this which won the logo - designed in 1994 - a vast number of awards.
The F is clearly written in black, but the 1 emerges out of the white space between the F and the red lines representing speed. For every person who says 'yes but that's hardly hidden is it?' there's someone saying 'oh... yes...'
According to the company the white ribbon was introduced under the name in 1969. When competitors first entered the market, Coke made much of its curved bottle design which distinguished it from those that followed. As fewer and fewer people drank from bottles, the ribbon was produced as an alternative distinctive curve.
On the left hand side of the packaging is a picture of the Matterhorn mountain. However, if you look closer there's the image of a bear lurking within - to show that the company is based in Bern - known as The City of Bears.
According to mokokoma, the apple is the fruit of the tree of knowledge. There is some question as to whether the bite taken out of it is a play on the word byte, symbolism of the fruit being eaten and the knowledge imparted, or just to make it look more like an apple and less like a cherry tomato.
According to urlm, the reason for the odd V and A is because it's a wave - symbolising the basic analogue signal, while the I and O look like a 1 and a 0, representing digital.
The same website highlights the reason behind the Roxy logo - a brand for female surfers. The brand is actually part of Quicksilver, and is made up of two Quicksilver logos pushed together to form a heart.
As graphicdesignblog points out, this isn't just white text on a series of coloured blobs. Each blob represents the outline of London at a specific time - and shows the growth of the city through history.
The letters are made of one unbroken line - as if drawn in the air with a conductor's baton.
The portions of the B and R coloured pink aren't just an accident. They form the number 31 - the number of flavours sold by the brand.
As pointed out by studentbeans.com, if you look more closely at the letters o,u and r, and put them together with the sun, they form a cyclist.
Why the extra-large C? Because the way it wraps around the o creates a 3D tyre of course.
One blogger has been researching the origins of car logos. He highlights that the wings on the car logo are designed to reflect the company's past as an aircraft engine manufacturer during WWI.
This is another wartime company reflecting its past. The colours are the Bavarian flag, representing the company's origins, and the cross inside the circle represents a propeller - harking back to the company's past making aeroplanes during WWII.
Apparently the diamond was an integral part of the design of the early cars - which was fitted around an air hole in the bonnet.
If you look closely you can see the map is showing Apple's address - complete with a pin dropped at its front door.
The arrows pointing in each direction reflect that the name means Crossroads. If you look a bit closer, the C looms out of the white space.
The logo was actually designed by professor Vaughan Pratt of Stanford University. It is an ambigram - which takes advantage of the fact that a U and an N sitting next to one another can be made to look like an S, and therefore read 'sun' in every direction.
According to funonthenet those three stripes are actually in the shape of a mountain, signifying the challenges ahead, and the goals you can achieve.