PayPal swiftly slaps Google with mobile payment suit

Just this morning we reported on the rather jovial atmosphere at Google's big mobile payment announcement -- well, it looks like PayPal's prepared to bring an end to the celebration. According to Bloomberg, PayPal filed a suit against Google today in a California Superior Court, alleging that former PayPal executive, and one of this morning's MCs, Osama Bedier misappropriated the company's trade secrets. The suit further fingered Stephanie Tilenius, also formerly with PayPal, of violating the terms of her contract in recruiting Bedier. Though we've yet to get our hands on any clear details about which trade secrets PayPal's pointing to, we'd say the timing speaks volumes.

MACWORLD 2010:PAYPAL FOR iPHONE....

Live from Macworld 2010, Rene and Leanna talk to Kent Griffin about Paypal’s new iPhone offering that will allow developers to add easy Paypal payment integration right into their apps.