Latest New Mobile Payment Service Stories

2011-05-28 06:30:00

Google Inc.'s plan to displace credit cards with a smartphone-based payment system has led to legal challenges with online payment service provider PayPal, which claims Google stole its ideas by hiring away two key executives. Paypal, owned by eBay, filed the suit just hours after Mountain View, CA-based Google unveiled its new "Google Wallet" payment service in New York. The lawsuit described a story of betrayal and espionage, alleging that Google tapped into Paypal's expertise for its new...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.