PayPal rumored to want a role in Apple’s m-payments service

PayPal is allegedly set to gain a role in the Apple’s mobile payments service, online media outlet recode.net reports.

According to the source, eBay-owned PayPal has been pitching Apple on helping Apple bring its payments initiative to fruition.

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.

Source: The Payper