PayPal Cut Out from Apple Pay Due to the Company’s Partnership with Samsung

A recent report reveals that PayPal was in the running to be a prominent partner in Apple’s mobile payment initiative, Apple Pay, but ended up being cut out due to PayPal’s similar partnership with Samsung. The reports indicate that PayPal was eager to team up with Apple on their mobile payment solution, with the company even going as far as agreeing to “white label parts of its payment service” like fraud prevention and processing to get in on Apple’s digital wallet system. Talks were scrapped after PayPal partnered with Samsung to handle mobile payments for the Galaxy S5, which uses a fingerprint scanner to access digital wallet

from News Feed