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boombreaker

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boombreaker

Re: barge post# 210018

Friday, 05/27/2011 10:15:41 AM

Friday, May 27, 2011 10:15:41 AM

Post# of 249218
PayPal alleges that Google and Osama Bedier "have misappropriated PayPal trade secrets by disclosing them within Google and to major retailers". Mr Bedier, Google's vice president of payments, was formerly a senior Paypal executive.

Google Wallet will use Near-Field Communications chips built into Android handsets to allow users to "wave and pay" at retailers that have MasterCard's contactless point of sale equipment. Launch partners include Macy's department store and the sandwich chain Subway.

PayPal, which is the leading payment system on the web, is developing its own smartphone payment system for retailers, to compete with Google and others. Apple is also expected to enter the fray this year.

http://www.telegraph.co.uk/technology/google/8541229/Google-Wallet-technology-faces-legal-attack-by-PayPal.html



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