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.

Bloomberg

Google Wallet mobile payment service, Google Offers announced

It may not be as big a surprise as Google hoped it would be at this point, but the company has now officially announced its NFC-based Google Wallet mobile payment service, complete with backing from a number of retail and financial partners including Subway, Macy's, Walgreens, Toys 'R Us, First Data, Citibank and MasterCard -- plus Sprint on the carrier side. In the case of MasterCard, that partnership means Google Wallet will be fully compatible with the PayPass contactless payment system that's already widely in place today. Trials are beginning immediately in New York and San Francisco, with a full release planned for this summer. Initially, the Sprint Nexus S 4G will be the only compatible phone, but support for more phones is promised "over time," and Google even suggested that phones without built-in NFC could simply use an NFC sticker (the Google Wallet app itself will work on non-NFC phones as well). You'll also have to use either a Citi MasterCard or Google Prepaid Card with the service, although the latter can obviously be funded from any other card.

Also announced today is Google Offers, which will deliver an "offer of the day" to your inbox, and let you seek out other offers from retailers. Of course, it also ties into Google Wallet, and you'll be able to both redeem offers and receive loyalty rewards from retailers with just a tap of your NFC-enabled phone. As far as Google is concerned, however, mobile payments and special offers are just the beginning for Google Wallet. It eventually sees everything from boarding passes to tickets to IDs (and even keys) being stored on your phone. Not surprisingly, all of this is US-only for the time being, but Google is apparently working on international expansion. Head on past the break for a video and the complete press release.

Google Wallet

Google Offers

Google Wallet, Official Google Blog

Google gets creative, names new NFC payment system Google Wallet? (Updated)

Yesterday, anonymous sources said that El Goog and Sprint would debut a new NFC payment system on May 26th -- otherwise known as tomorrow. Today, a leak allegedly from The Container Store appears to have spilled the beans on the moniker for Mountain View's mobile money method: Google Wallet. Not the most creative cognomen, but at least it sums up the service succinctly. Still, it's no Ice Cream Sandwich, but we'll find out how it tastes live at tomorrow's event.

Update: Eagle-eyed reader Steve pointed out that looking up the WHOIS info for googlewallet.com does indeed lead you to Mountain View, though this was created way back in 2005. You may recall that Google Checkout was initially known as Google Wallet, as reminded by InformationWeek, but we just noticed that the URL is now plain dead instead of taking us to a Google error page, as it did minutes ago. Very intriguing.

This is my next

Google and Sprint team up to take your digital dollars with new NFC payment system? (updated)

There's been rumors of a Google-fied mobile payment system for some time, and now it looks like the Mountain View crew is teaming up with Sprint to finally make it happen. Last month, we heard that the Now Network would bring NFC payments to its customers this year, and Bloomberg reports that the partnership and payment system will make its debut on May 26th. Apparently, New York, San Francisco, Los Angeles, Chicago, and Washington D.C. are the first cities getting the service, which is a much broader initial footprint than its Isis mobile payment competition. The anonymous sources also say that Verifone and Vivotech are providing the hardware and software that will let you replace your credit card with a Nexus S -- because you always wanted to replace your credit card with your Nexus S.

Update: According to All things D, the payment system will be put through its paces by none other than El Goog's Executive Chairman Eric Schmidt at the D9: All Things Digital conference next week -- where we'll be on hand to peep the contactless payment presentation in person.

Bloomberg, All Things D

Square Register and Card Case hands-on

It looks like Square's little headphone jack-connected credit card reader has some company. The mobile payment startup introduced two new additions to its unique stable of payment options in San Francisco this morning that do away with credit cards, paper receipts, and even the bantam reader itself (to some degree). First up is the Square Register, an app that allows merchants to accept payments by way of the card reader or through a card-less (no, it's not NFC) tab -- like, "put it on my tab" -- system, and uses Google-style analytics to keep track of payments, receipts, and trends. The second announcement, the Square Card Case, is a virtual wallet that holds a series of "cards," each relating to a participating outlet, that let you put your purchases on the aforementioned tab. Each shop has its own virtual credit card, and enables shoppers to make and track purchases with a single click of a button. We got a chance to give the setup a try, and it's just about as simple as Square would have you believe.

To get started, you make a regular, Square-enabled purchase at a participating store, at which point a text-message receipt is sent to your phone that prompts you to install Card Case -- we skipped this step, as this was just a demo. Once set up, we were introduced to the Card Case, holding cards for the participating stores -- only 50 spots in five cities, for now -- and an "Explore Places" button that offers access to a directory of participating outlets. We selected a nearby cupcake stand, clicked "open tab" and picked our poison: a miniature red velvet cupcake, in this case. The merchant picked our name from a list of open tabs, charged the tiny treat to our card, and a receipt was promptly pushed our way. After the transaction was complete, we went back to the cupcake card in the Card Case, and there was the receipt. All in all it was a painless process, but, then, so is whipping out a real wallet to make a purchase. The new Square setup is available now at 50 different establishments in New York, LA, Saint Louis, San Francisco, and DC, and the company says it will curate the list of participating stores, much like Apple does apps.

Square Register and Card Case hands-on