The Saga of the Virtual Wallet

Posted by samzenpus on Sunday September 18, 2011 @04:59AM from the holding-the-purse-strings dept.

theodp writes "Fourteen years ago, Microsoft Wallet promised 'secure, convenient purchasing on the Internet.' That was then, this is now. TechCrunch reports that the first commercial for Google Wallet has been unveiled, and it stars Seinfeld's George Costanza and his overstuffed, exploding wallet. At launch (TBD), Google Wallet will allow you to use a Google Nexus S 4G (from Sprint) to tap-to-pay using Citi MasterCard cards or the Google Prepaid Card. Not to be outdone, PayPal offered a video sneak peek of its upcoming virtual wallet offering, which is promised to be more than 'just shoving a credit card on a phone.' In May, PayPal sued Google over electronic wallet technology, alleging that the search giant hired two of its former execs to obtain trade secrets for a mobile transactions project."

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PayPal Could Recut This Seinfeld Video for Lawsuit by theodp · 2011-09-18 05:07 · Score: 1, Offtopic

In The Pick, a Calvin Klein exec steals Kramer's idea for a 'Beach' perfume and comes out with one called 'Ocean' (script).
KRAMER: You smell like the beach. What's the name of that perfume? you're wearing.
TIA: It's Ocean by CALVIN KLEIN.
KRAMER: CALVIN KLEIN? No, no. That's my idea. They, they stole my idea. Y' see I had the idea of a cologne that makes you smell like you just came from the beach.
JERRY: I know look at this [shows ad]
KRAMER: Whooo, ... That's you! What is going on here? The gyp(?) he laughs at me then he steals my idea. I could have been a millionaire. I could have been a fragrance millionaire, Jerry. ... They're not going to get away with this.