“Three payments industry executives tell Re/code that eBay-owned PayPal has been pitching Apple on helping the consumer electronics maker bring its long-rumored payments initiative to fruition,” Del Rey reports. “These people, who have spoken to contacts at both Apple and PayPal, say that 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. ‘They’re telling them, ‘We’ll do it in the background,’ one of these people said. ‘Basically, it’s just, ‘We want to be a part of this.””
“Two of these people said it’s unlikely Apple would find any need to link up with PayPal, though they would not rule out the possibility,” Del Ray reports. “This could be a scary proposition for PayPal if it doesn’t figure out a way to partner with Apple.”
Read more in the full article here.
MacDailyNews Take: Mikey Dell really wanted to license OS X from Apple. Didn’t mean he got a deal.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
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