Moneybookers, one of Europe's largest online payment systems, launched a Facebook application that will enable its five million account holders to more cost effectively send and receive money transfers via their Facebook profile. While currently in beta, the application will be available to all Facebook users at the beginning of June - enabling account holders to rapidly and securely raise sponsorship money or charitable donations, collect debts, demand participation fees or make payments to and from anyone on Facebook.

Moneybookers Managing Director Martin Ott said, "With the Moneybookers integration on Facebook profiles, our customers can now collect money their friends owe them or launch a fundraising appeal with minimal hassle and without having to pay out exorbitant fees to third parties."

http://www.moneybookers.com