EBay sues Google over Its new Online Payment System

EBay, PayPal's parent company has sued the online giant Google for alleged stealing trade secrets related to online payment system. An ambitious plan of Google Inc. to supersede credit cards with smartphones has push the Internet search leader into a legal fight with ebay, which said Google stole its ideas by appointing away two key executives. Mr Osama Bedier and Ms Stephanie Tilenius, who were previously with PayPal, leaked trade secrets and also led the release of Google's own mobile payment system, Google Wallet, in collaboration with MasterCard, Citigroup, and Sprint.

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Mr Bedier was a former PayPal executive and Ms Tilenius was former advisor in eBay. Now, Bedier is a vice president of payment system and Tilenius is vice president of e-commerce in Google. Mr Bedier is charged of having "misappropriated PayPal trade secrets by revealing them within Google and to major retailers", while Ms Tilenius is charged of joining Google in February 2010 and also recruiting Mr Bedier and previous colleagues still at PayPal, thereby breaking a contractual conformity with eBay. Until now, Google have not made any comment on this suit. Mobile payment system, Google Wallet will be launched by Google in the U.S. in this summer.