Google Unveils Wallet And Offers: An Open Platform For Mobile Payments. Google Wallet will work with Mastercard Paypass. This means right now 300,000 merchants around the world and 120,000 in the U.S. are technically ready (though it’s not rolling out everywhere yet). It will initially work with “Gcard” a Google pre-paid card set up by Mastercard. The initial trials will be in San Francisco and New York and will expand nationally in the coming months.
Shortly after Google announced its new mobile wallet for Android phones today, Paypal [and parent eBay] filed a lawsuit against Google and two former PayPal executives who now are in charge of mobile payments at Google (Osama Bedier and Stephanie Tilenius). The complaint alleges “misappropriation of trade secrets, and “breach of fiduciary duty.”
Spending time in courtrooms is generally not our thing. We prefer to compete and innovate, serving our customers by offering the best way to pay and be paid. That’s how you really win. But sometimes the behaviors of people and competitors make legal action the only meaningful way for a company to protect one of its most valuable assets – its trade secrets. … You can read the entire lawsuit via PayPal files lawsuit to protect trade secrets: A reason worth fighting for
- Google’s Bedier: Google Wallet Is the Only Way to Exponentially Grow NFC (gigaom.com)
- Google announces mobile payment system: Google Wallet (business.financialpost.com)