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PayPal Sues Google

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Mobile wallets are definitely the big e-thing and they have already become the subject of a major controversy in which PayPal, owned by eBay, claims that Google has stolen its Near Field Communications (NFC) technology for its newly launched “Google Wallets” on its Android OS.

Osama Bedier, a former PayPal employee is now a VP at Google and was allegedly instrumental in transferring highly guarded trade secrets from one company to the other. According to PayPal they were in talks with the web giant for about three years before Google abruptly ended it all. Shortly after that, Bedier was hired by Google. After the suit was filed, neither Google nor Bedier were available for comment…YC/ATC-TCL.com

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