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Mobile Payments

PayPal rumored to want a role in Apple's m-payments service

Friday 31 January 2014 | 12:44 PM CET

PayPal is allegedly set to gain a role in the Apple’s mobile payments service, online media outlet recode.net reports.

According to the source, eBay-owned PayPal has been pitching Apple on helping Apple bring its payments initiative to fruition.

PayPal is essentially willing to white-label parts of its payment service to be used in an Apple mobile payments system — anything from fraud detection to back-end infrastructure, even possibly down to the processing of payments.

In recent news, Apple has filed for a new patent related to mobile payments.

More: Link
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