PayPal Accuses Google of Poaching Mobile Payment Trade Secrets, Personnel
jhernik writes with a selection from eWeek Europe's short story on a snag facing Google's new mobile payment system: "PayPal, eBay's payment service, has sued Google over its new Google Wallet service, accusing the search engine of poaching trade secrets for use in its mobile payment service. The suit, filed in Santa Clara County Superior Court just hours after Google unveiled its Wallet payments sheme, alleges that two key executives who created the near-field communication (NFC) service used company secrets about mobile payments to fashion its own service."
Good thing they suck at execution these days (Wave, etc)
-- Flame me and I will happily flame you back. Bring it!
Why don't you submit it yourself then if you wanted it on /. immediately ? Slashdot is almost entirely user submissions. I don't care how long ago this was, I just like the snarky and often insightful or informative comments.
which is totally what she said
How many indie projects have they held ransom so far? It mystifies me why people even still use Paypal for -anything-. Skip the middleman and send a cheque, that's what the post office is for. Stop giving money to those criminal goons.
Prior Art... Cellphone-based mobile payment options have been available in Japan, India, even Kenya for years... some of these services have been available since before PayPal existed. And if that isn't enough of a prior art for a portable mobile payment system using an electronic network, I have an Interac card and a Visa I'd like to show them... the Interac network has existed since before the Internet (as it is today) existed, ditto Visa's electronic transaction network.
It is basic electronic security... beyond that, all you need is a unique user ID and a way to bill that user ID back to the customer. Giving somebody a unique account number isn't exactly a trade secret: banks have been doing that for as long as banks have existed. Putting a password/PIN on that isn't exactly a trade secret: that's been done in computer science for almost as long as computers have existed. How is any of what they're doing a trade secret?
That's a goatse.
Take note that they are not suing over NFC itself. After reading the blurb my first reaction was "they should of freaking patented it". This seems to be about business info instead.
the clusterfuck continues. US economic history in three words -- manufacturing, service, litigation.
weinersmith
Per Engadget, this is Paypal upset that their go-to guy who was negotiating with Google for a deal that would probably have been involved in the Wallet backend jumped ship to Google and helped launch Wallet instead. If the allegations are true, Osama Bedier was working both sides-- while pretending to work for Paypal to negotiate a business deal with Google, he was talking to Google about a potentially lucrative job.
(If Paypal are also suing over patents, they're insane-- NFC payments have been available for quite a while now. If there's anything they should learn from Oracle v. Google, it's that you don't want to dump a bunch of extra charges on the bench of an already overworked judge.)
The title is bullshit. Ebay is not suing because Google is using their trade secrets. As far as I know, any trade secret you can reverse engineer legitimately is fair game. Ebay is suing because Google grabbed two of ebay's key personnel and ebay has information that these key personnel have revealed ebay's secrets to Google and Google is using this illicitly obtained information - despite both non-compete and non-disclosure clauses.
This way, the suit actually makes sense instead of being a WTF moment.
Goatse link, not that this is a surprise.
Check out my sci-fi/humor trilogy at PatriotsBooks.
People stop bothering to submit stuff when editors consistently ignore good submissions in favour of some boring/irrelevant/incorrect piece of shit or consistently turn informative summaries into some biased, uninformative, condescending bits of dribble.
Paypal are upset because Google touched the market first and said "Shotgun!".
When I opened this article, it said this is a scam site.
I got it too. Told google to shove it, trying to block content they don't like.
This sounds like Mini stealing technology from Yugo to me.
Same here!
Same here :)
What a coincidence.
Doesn't it just come down to breach of contract on the part of the employees that Google poached?
This isn't about the technology. It's about Google hiring a PayPal marketing guy who had contacts with the retailers PayPal was going to sign up.
PayPal Accuses Google of Poaching Mobile Payment Trade Secrets, Personnel
So Paypal doesn't want Google lightly cooking their eggs...or personnel?
Shai Schticks:"You don't make peace with friends, you make peace with enemies"
Companies sue Google because of "deep pockets" and jealousy. The game only works on the big (who could pay, like Google) and the small (who can't afford to take you to court, so settle). Look around. The original fight against net neutrality was ISP's who get paid by their subscribers, wanted extra revenue from Google, who already pays at their end for bandwidth -- trying to double dip - for no other reason than they thought Google had the bucks. They might have moved on to NetFlix now, but there's no real difference. And we'll all be watching what Comcast does, won't we.
ISPs all oversold their capability -- and now that people can and are trying to use what they thought they'd paid for (and the ISPs did set the prices) - they don't like it. Tough -- they deserve what they are getting, it's their own fault, and they should have to lie in the bed they made.
Why guess when you can know? Measure!
"I thought of it first! Mommy! Make him stop!"
Pathetic and hypocritical.
"Those who consume the bulk of goods are those who make them. We must never forget this secret of our prosperity."
Or they reject dozens of submissions linking to an authoritative source in favour of some bullshit regurgitation from some blog with thousands of ad spots on it.
For a site about things like basic rights, Slashdot users sure do like to censor "dissent".
In certain parts of Africa, the cell phone is more ubiquitous than banks or credit card machines. So, a system setup by the locals, (not too many details), allows an individual to go to a filling station and fill his phone with some local currency (kind of currency). Everyone uses this currency. Take a taxi, and the driver will accept your payment via cellphone to cellphone. There are essentially no debit cards in circulation. I am not certain, but I read that there is no transaction fee. A fee is charted to buy this cellphone money, and that's it. The filling station is also charged with converting this money to liquid cash. But, from what I read, the cell phone money is really accepted everywhere, including shopping centers and groceries. We need this kind of service to eliminate the banks and their stupendous fees. What is wrong with being able to receive or pay for products and services with cell phone to cell phone transactions, aside from cheating the government out of taxes.
Leslie Satenstein Montreal Quebec Canada
You know, the bouncing around the screen trick is pretty pointless when you can just Ctrl+W the tab.
For a site about things like basic rights, Slashdot users sure do like to censor "dissent".
Actually, the whole point of trade secrets is that they don't run out, and they don't require publishing. However, unlike patents the catch is that if someone else independently creates it, they do not infringe upon it and you have no basis to file suit. Trade secrets are protected in the same way as patents, other than that one specific case.
For a site about things like basic rights, Slashdot users sure do like to censor "dissent".
There are alternatives, just not in the USA.
There's Yandex.Money and WebMoney in Russia (and xUSSR in general), which allow to do anonymous transactions. If I want to transfer money to somebody I just need to know their 'wallet ID'. I can even use payment terminals (like iBox: http://www.pond5.com/stock-footage/1848145/ibox-terminal.html which are everywhere ) and pay with cash completely anonymously. Fees are reasonable - around 1% for small transactions.
If I want to use something more official then there are bank transfers. They are intrinsically free for banks and so very cheap for users, my bank has all-you-can-eat plan for $10 a month or 0.1% from amount of a transaction. They are also processed instantaneously (well, it might take a minute or two depending on your bank).
US bank system looks like something out of the stone age.