PayPal sues Google over new pay service

[djbaxter]

PayPal sues Google over new pay service
by PETER SVENSSON and MICHAEL LIEDTKE in the Globe and Mail
Friday, May 27, 2011

After Google unveiled its tap-to-pay technology in New York on a smart phone equipped with its Android software, PayPal struck back in a California court with a lawsuit alleging the service is the byproduct of intellectual theft and betrayal.

The central figure in the 28-page complaint is Osama Bedier, now Google's vice-president of payments after spending nine years at PayPal. He was part of the team that showed off a new service called ?Google Wallet.?

The suit alleges Google hired Mr. Bedier four months ago primarily to pick his brain and steal PayPal's trade secrets for its new phone-as-a-wallet service.

Read more...

 

[btks]

LOL. I tell you, each and every company always has a lawsuit against each other. And I was really looking forward to Google Wallet.