Google Wallet angers PayPal

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Soon after Google went open about its new mobile payment service, Google Wallet; PayPal has decided to sue the company and two of its former executives over trade secrets. According to the lawsuit filed, former PayPal executive (now with Google) Osama Bedier stole PayPal?s trade secrets and shared it with Google and other companies. And another Google employee (and a former PayPaler, Stephanie Tilenius, violated her contract when she recruited Beider.

?We treat PayPal?s ?secrets? seriously, and take it personally when someone else doesn?t. So we made a decision today. We filed a lawsuit against Google and two former colleagues who now work there, Osama Bedier and Stephanie Tilenius,? says PayPal?s Amanda Pires in an official blog post.

PayPal who is working on a similar system (to the Google Wallet) was due to announce the new product in a few days. It is understood that Bedier has extensive knowledge of PayPal?s work in the mobile payments space, knowledge he took with him when he went to Google, and PayPal suspects some of it was instrumental for the creation of Google Wallet.

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