"Spitzer should have used a stored-value card and put money on that, " says Gregory Calpakis, executive director of the Association of Certified Anti-Money Laundering Specialists in Miami.

FORBES: Cash Is King

This new gift card service is more about stored value, which is seemingly low-hanging fruit for Facebook compared to the work of actually shipping physical products.

FORBES: Facebook Connects Offline With New Branded Gift Card

The company points out that customers can't bank with the card or use it outside the U.S. But other stored-value cards, often branded by Visa or MasterCard, can be accessed for cash via atms worldwide and reloaded with cash online or at checkout counters without a bank account or face-to-face identity verification.

FORBES: Cash Is King