Earlier their were some rumors about Facebook updating its terms to get ready for the roll-out of its payment system. Well guess what, it's already here.

The application GroupCard is currently testing the new payment system live for all accounts that have it installed. I included some screenshots below. It's very straightforward: There's a big "Pay With Facebook?" button, similar to the "Facebook Connect" buttons you see throughout the web. Next to that, there are the other options to pay with Visa, Mastercard, etc.

Stay tuned for more updates on this breaking news!