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Submission + - PayPal Sues Google Over Wallet Trade Secrets (eweekeurope.co.uk)

jhernik writes: Google executives are being sued by PayPal for using trade secrets to build the new Google Wallet service

PayPal, eBay’s payment service, has sued Google over its new Google Wallet service, accusing the search engine of poaching trade secrets for use in its mobile payment service.

The suit, filed in Santa Clara County Superior Court just hours after Google unveiled its Wallet payments sheme, alleges that two key executives who created the near-field communication (NFC) service used company secrets about mobile payments to fashion its own service.

Unveiled at a press event in New York, Google Wallet lets consumers pay for products by tapping their Android-based smartphones against a special sale terminal.

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PayPal Sues Google Over Wallet Trade Secrets

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