Sword Of The Lord With Electronic Edge

Monday, May 30, 2011

Google, PayPal tussle over mobile payment secrets - Yahoo! News

Google, PayPal tussle over mobile payment secrets - Yahoo! News: "Google Inc.'s ambitious plan to supplant credit cards with smartphones has thrust the Internet search leader into a legal tussle with online payment pioneer PayPal, which contends Google stole its ideas by hiring away two key executives.
PayPal painted a picture of betrayal and corporate espionage in a lawsuit filed late Thursday in a California state court, just hours after the unveiling of the 'Google Wallet' payment service in New York.
The 28-page complaint alleges the service evolved from research that eBay Inc.'s PayPal had been working on for the past decade."

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