Market Overview

Bank Innovation: PayPal Won't Be A Partner In Apple Inc. Pay


According to Bank Innovation, a popular blog featuring banking news, Apple Inc. (NASDAQ: AAPL) and eBay Inc (NASDAQ: EBAY) were previously in talks for PayPal to be a preferred payment process for Apple Pay.

As a leader in the payments industry, PayPal was a prime candidate to play a role in Apple Pay. Sources close to Apple and PayPal revealed to Bank Innovation that “Apple kicked [eBay] out of the door" and that “PayPal pissed Apple off so much.”

As an expected outcome, PayPal was being excluded altogether from Apple Pay.

Related Link: Is PayPal Stronger Against Apple Inc. Without eBay Inc?

According to Bank Innovation, PayPal partnered with Samsung on the Galaxy S5 fingerprint scanner, a move which PayPal's now former president David Marcus was “categorically” against knowing that such a move could negatively impact any current and future relationships with Apple.

Marcus was forced to proceed with the Samsung partnership on the orders of eBay's CEO John Donahoe. Bank Innovation also stated that that Donahoe's decision to proceed with the partnership was a major factor in Marcus' resignation from the company in June.

Posted-In: Apple Apple Pay Bank Innovation David Marcus fingerprint scanner Galaxy S5News Management


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