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Paypal might had hit hard with the announcement of 'Google Wallet',

By: GT

With a revolution in evolution of mobile payment, things are getting serious in the business world.

After launching Nexus S, which has special chip called NFC(Near Field Communication)Google is trying to make a market of its own with a launch of it's new app called 'Google Wallet'.

This announcement was a big blow for Paypal, an e-commerce business allowing payments and money transfers to be made through the Internet, as Google rise might be trouble for their business in this field.

Now, Paypal and its parent company, Ebay Inc., accuse two former employees, Osama Bedier and Stephanie Tilenius, of stealing valuable intellectual property related to mobile payment technology when they left to go to work for Google, filed in a Santa Clara County federal court, hours of announcement of 'Google Wallet'.

Google, in a Friday statement, said it planned to fight back and disputed the allegations of stealing trade secrets. Google said, Californian law protects workers' rights to "use their knowledge and expertise to seek better employment opportunities."

This article can also be seen at GT

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