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PayPal is itching to help Apple with its mobile payments platform

31
Jan
2014

It really looks like Apple is getting into the mobile payments game. Last week, The Wall Street Journal reported that Apple was working on a mobile payments system and earlier this month, Apple was awarded a patent that detailed a method for sending secure payments over Wi-Fi, Bluetooth Low Energy, or NFC. Also late last year, Apple began deploying iBeacons in its own retail stores, a move that many saw as a stepping stone to mobile payments in its own stores. Hearing all these rumors, PayPal wanted to get in on the action. According to Re/code’s sources, which include three payments industry executives, PayPal wants Apple to use at least some part of PayPal’s technology in the back-end of its

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