PayPal not-so-happy with Google Wallet
Don’t you love drama? Lawyers sure do. Recently, Google took pride in announcing their newest service that hopes to rid you of the necessity of having a – gasp! – physical wallet. Google’s announcement has a lot of people excited, however, there are some parties that are not too happy. First on this list is PayPal, who have just filed a 28-page lawsuit against Google.
The complaint revolves around Osama Bedier and Stephanie Tilenius, both in charge of Google’s mobile payments. Osama Bedier is PayPal’s former VP of Platform, Mobile and New Ventures, and Stephanie Tilenius is his colleague before they were recruited to work with Google by Android’s mastermind, Andy Rubin.
PayPal alleges Google for “misappropriation of trade secrets” plus “break of fiduciary duty.”
“Bedier and Google have misappropriated PayPal trade secrets by disclosing them with Google and major retailers.” – Paypal
The lawsuit discloses that Google was making a deal with PayPal to facilitate payments on mobile devices for two years. However just on the verge of completing the deal, Google refused and chose to hire PayPal’s Bedier who is the who one spearheaded the deal.
Also, based on the lawsuits, Bedier was knowledgeable of PayPal’s future blueprints with regard to mobile payments plus an in-house specific analysis about the weaknesses of Google when it came to mobile payment systems.
The question now that boggle’s everyones mind is this – what did Bedier actually do with these so-called “trade secrets”? We can infer that he alllegedly took advantage of all his knowledge regarding PayPal’s plans to shape Google’s strategy when it comes to mobile payments and his knowledge culminated in the release of Google Wallet.
To all those who are interested what’s inside the lawsuits, click this.