Google Presents Google Wallet, PayPal Presents Lawsuit
Article by George Norman
On 30 May 2011
A few days ago Mountain View-based search engine giant Google announced to the world that in the near future it will release a new app that will transform your phone into a wallet. Appropriately named Google Wallet, the app allows you to tap and pay for whatever your want to purchase. At first the app will let you pay with the Citi MasterCard, the Google Prepaid Card, or with gift cards (at participating merchants); but in the future Google hopes to be able to let you pay with any other means of payment you have in your traditional wallet.

The app also allows you to save money by automatically redeeming offers and earning loyalty points for you. All your Google Offers will automatically sync to your Google Wallet whenever your buy or save a Google Offer, which should help you save money as well.

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“Google Wallet is a key part of our ongoing effort to improve shopping for both businesses and consumers. It’s aimed at making it easier for you to pay for and save on the goods you want, while giving merchants more ways to offer coupons and loyalty programs to customers, as well as bridging the gap between online and offline commerce,” commented Rob von Behren and Jonathan Wall, Founding Engineers on the Google Wallet Team.

When it will be rolled out, the Google Wallet app will work with the Nexus S 4G available on Spring. That’s at first. Google will add support for other phones later on.

To learn more about Google Wallet check out this dedicated page.

That takes care of the “Google Presents Google Wallet” part in the title. Let’s move on to the “PayPal Presents Lawsuit” part now. Hours after Google unveiled Google Wallet, PayPal filed a lawsuit against Google, claiming that Google misappropriated trade secrets when it hired away PayPal mobile executives Osama Bedier and Stephanie Tilenius - who were on stage when Google unveiled Google Wallet. PayPal says Google used the misappropriated trade secrets to come up with Google Wallet.

Tags: Google, Google Wallet, PayPal
About the author: George Norman
George is a news editor.
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