PayPal issues lawsuit after Google announced mobile wallet technology

By on May 28, 2011 in Business, Smartphone, Software, Technology, World Comments

Image Credit:

As currently reported May 27, 2011 by various international news sites, PayPal sued Google claiming that the internet search giant stole its concepts of technology in turning smartphones into digital wallets which allow people to pay using their mobiles.

According to BBC News, Google allegedly got hold of PayPal‘s trade secrets from Osama Bedier, a former PayPal executive, who is now employed by Google as vice president of payments.

Although news of the incident spread out, Google claims that it has yet to see the formal complaint. As a Google spokesperson said in a report, “We have not yet received a copy of the complaint and won’t be able to comment until we’ve had a chance to review it.”

According to other reports, PayPal complaint mentioned a statement saying, “By hiring Bedier, with his trade secret knowledge of PayPal‘s plans and understanding of Google‘s weaknesses as viewed by the industry leader, Google bought the most comprehensive and sophisticated critique of its own problems available.”

“Google put Bedier in charge of its mobile payment business, virtually ensuring that Bedier would misappropriate PayPal‘s trade secrets concerning planning and competitive assessments in mobile payment,” reported complaint adds.

Spread The News!

Tags: , , , , ,


Related News

What's On Your Mind?