Apple Was Going To Partner With PayPal On Apple Pay Until It Found Out PayPal Was Working With Samsung
AP
Tim Cook and Eddy Cue, who's in charge of Apple Pay.
PayPal was excluded from Apple's new payment platform, Apple Pay, because the payment platform partnered with Samsung during negotiations with Apple, Bank Innovation's Ian Kar reports.
Kar says former PayPal president David Marcus was against the Samsung partnership - for fear it would upset Apple - but was forced to go along with the agreement by eBay CEO John Donahoe.
eBay was PayPal's parent company at the time, bit the two companies announced they would split permanently on Tuesday.
PayPal ultimately got integrated with Samsung's Galaxy S5 smartphone, which has a fingerprint scanner like Apple's Touch ID sensor on the iPhone. Users can tie their PayPal account to the fingerprint sensor on Samsung's phone and log in without using a password. However, the PayPal integration doesn't work in brick and mortar stores like Apple Pay will when it launches in October.
PayPal partnering with Apple's arch rival was a boon for payments company Stripe, which Apple partnered with to create Apple Pay's foundation.
Next Story
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Catan adds climate change to the latest edition of the world-famous board game
Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
JNK India IPO allotment – How to check allotment, GMP, listing date and more
Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
