Google announced their new mobile payment system, based on NFC technologies that allows cellphone users to tap their phone to pay for things. People call it a mobile e-wallet because you no longer have to whip out your wallet, unfold it, and look for the appropriate tender. Instead, users just need to tap their phone to a mobile e-reader and the credit card is charged automatically. It’s faster, more efficient, and more fun to use.
Sounds like a dream come true, right? Well it looks like Paypal isn’t too happy about Google’s big announcement as they are filing a lawsuit against Google in California Superior Court. Claiming that a former PayPal exec (and now Google employee) leaked certain trade secrets.