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Mobile Payment Systems Draw Interest from Banks, Retailers

Google took the wraps off of Google Wallet, its new mobile payment system, making the announcement on Thursday from the company's New York office. Mobile payment systems have drawn the interest of banks and retailers, and the industry is hoping consumers will adopt the systems as well.

Red light for Google Wallet: Sued by PayPal

Google Wallet is set to face tough time as PayPal has filed a lawsuit for stealing trade secrets, barely hours after Google officially launched Google Wallet and Google Offers services.

How Google Wallet works?

Google launched its much awaited NFC-enabled mobile payment platform, Google Wallet, which enables users to make payments at the point-of-sale (POS) by merely waving the phone.
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EBay, PayPal sue Google over trade secrets

EBay and its online payment unit PayPal Inc on Thursday filed suit against Google Inc and two executives for trade secret misappropriation related to mobile payment systems.
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EBay forecast pleases as PayPal, auctions gain users

EBay Inc's efforts to make its marketplaces more appealing to online shoppers paid off in the first quarter as more people bought items on its auction site, and its PayPal payment system was used by more merchants.

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