May 27, 2011
PayPal has sued Google and two of its top executives - this according to a PCMag.com article. The two executives, Google's VP of Commerce Stephanie Tilenius and VP of Payments Osama Bedier are said to be both former PayPal employees. PayPal is suing for stealing trade secrets that helped the search company break into the multi-billion dollar mobile payments industry, according to the article. Hours after their announcement of "Google Wallet" - an initiative to make mobile payments commercial - PayPal filed a 28-page lawsuit in California accusing Google and the two employees for misappropriating information and actively poaching other PayPal employees. All of this according to PCMag.com.
The free "Google Wallet" Android app is designed to securely store multiple credit cards, or a Google prepaid card linked to your credit card. When opened on the smartphone, you can tap your phone against a supported payment reader and the item will instantly charged to your credit card.
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