PayPal alleges that search giant hired two of its former executives to obtain trade secrets for mobile transactions project.

This article titled “PayPal sues Google over electronic wallet” was written by Charles Arthur and agencies, for guardian.co.uk on Friday 27th May 2011 07.28 UTC

Google’s first payments from its new “electronic wallet” system may be to the online transaction company PayPal, which claims that the company and two of its executives stole trade secrets for the project.

Unveiled on Thursday, the Google Wallet project uses a technology called Near Field Communications (NFC) to allow contactless transactions between consumers’ phones and merchants’ terminals.

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