Google Opens Wallet and PayPal Sues Google

google walletGoogle Unveils Wallet And Offers: An Open Platform For Mobile Payments. Google Wallet will work with Mastercard Paypass. This means right now 300,000 merchants around the world and 120,000 in the U.S. are technically ready (though it’s not rolling out everywhere yet). It will initially work with “Gcard” a Google pre-paid card set up by Mastercard. The initial trials will be in San Francisco and New York and will expand nationally in the coming months.

via Google Unveils Wallet And Offers: An Open Platform For Mobile Payments.

Shortly after Google announced its new mobile wallet for Android phones today, Paypal [and parent eBay] filed a lawsuit against Google and two former PayPal executives who now are in charge of mobile payments at Google (Osama Bedier and Stephanie Tilenius).  The complaint  alleges “misappropriation of trade secrets, and “breach of fiduciary duty.”

via PayPal Lawsuit Against Google Reveals Recruiting Saga And A Deal Gone Sour.

Spending time in courtrooms is generally not our thing. We prefer to compete and innovate, serving our customers by offering the best way to pay and be paid. That’s how you really win. But sometimes the behaviors of people and competitors make legal action the only meaningful way for a company to protect one of its most valuable assets – its trade secrets. …  You can read the entire lawsuit  via PayPal files lawsuit to protect trade secrets: A reason worth fighting for

Update: See 43 Things You Should Know About Google Wallet

2 thoughts on “Google Opens Wallet and PayPal Sues Google

  1. I have to be pretty desperate with a packed schedule to make payment on a mobile device.

    I prefer to do it with the right tools and paper work (ie. some real bills still come through by mail). I don’t even use debit. Gotta control my impulses. :)

    So I actually don’t need this mobile convenience…..unless I’m offering a product or service to a client base who uses mobile devices.

    1. Hi Jean,
      I apologize for the wait. I’m trying to catch up on answering comments on both blogs while going back and forth for more testing.

      I don’t own a mobile. I prefer to make payments offline. Like you I don’t even have a debit card or want one. :)

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