Friday 27 May 2011

Google unveils smartphone pay service, PayPal sues

NEW YORK – Google Inc. hopes to nudge consumers and merchants into a world where the smartphone has replaced the wallet as the container for credit cards, coupons and receipts.
While it tackles that challenge, Google also will have to spar with the biggest online payment service, eBay Inc.’s PayPal, in a legal battle that could be filled with corporate intrigue.
After Google unveiled its tap-to-pay technology in New York on a smartphone 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 Bedier four months ago primarily to pick his brain and steal PayPal’s trade secrets for its new phone-as-a-wallet service.
for more detail visit www.yahoonews.com

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