Banks team up for online payment system - GoFuckYourself.com

BSleazy · 05-25-2011, 06:13 PM

Bank of America, Wells Fargo and JPMorgan Chase are creating a service that would allow online and mobile customers to send money via text and email messages to fellow customers of the banks.

http://www.latimes.com/business/la-f...,3503355.story

JFK · 05-25-2011, 07:40 PM

I guess they have plenty of backing

NaughtyRob · 05-25-2011, 07:42 PM

Awesome.

C-Luv · 05-25-2011, 07:43 PM

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Rochard · 05-25-2011, 09:00 PM

I read this earlier this morning and was disappointed no one mentioned it. The banks see exactly how much money goes to Paypal and they must be kicking themselves right about now....

buzzard · 05-25-2011, 09:24 PM

Quote:

Originally Posted by JFK

I guess they have plenty of backing

Haha I would trust them less than the online payment solutions already in use.

They won't be seeing me as a "fellow" customer

Kiopa_Matt · 05-25-2011, 10:24 PM

Send money via e-mail? We've had that in Canada for about 10 years.

GAMEFINEST · 05-25-2011, 10:31 PM

skank of america, shiitty bank, llolzz

Socks · 05-26-2011, 12:57 AM

Oh cool look, another way for the banks to post record profits on the backs of the working poor!

HURRRRAYYS

AsianDivaGirlsWebDude · 05-26-2011, 06:30 PM

Quote:

PayPal Sues Google Over Mobile Payment Secrets

PayPal Inc., the fastest-growing unit at online marketplace EBay Inc. (EBAY), sued Google Inc. claiming it misappropriated trade secrets from PayPal?s mobile-payment business.

Osama Bedier, a former PayPal executive now at Google, stole PayPal?s confidential information, the company said in the lawsuit filed today in California state court.

Stephanie Tilenius, another ex-PayPal executive now at Google, violated contractual obligations by recruiting Bedier, PayPal said.

Bedier ?is now leading Google?s efforts to bring point of sale technologies and services to retailers on its behalf,? according to the complaint. ?Bedier and Google have misappropriated PayPal trade secrets by disclosing them within Google and to major retailers.?

Both companies are trying to move into storefronts from online transactions and build their mobile businesses. PayPal, based in San Jose, California, is working with major retailers to develop a new type of point of sale system -- the equipment next to cash registers where consumers swipe credit cards.

Google, based in Mountain View, California, today unveiled two services to let consumers pay merchants and download coupons with a tap of their mobile phones.

PayPal also alleges that Bedier, who left the company in January, discussed a job with Google while simultaneously leading negotiations to make PayPal a payment option on Google?s Android Market. He didn?t disclose the job-related talks, a breach of his fiduciary duty, the company said.

Tilenius, who left EBay in 2009, was under contract not to recruit employees, PayPal said. She messaged Bedier on Facebook Inc.?s social-networking Web site, telling him she had a ?HUGE? opportunity for him, and sent him e-mails and text messages offering advice while he interviewed for a position, according to the complaint.

Google hasn?t received a copy of the suit and can?t comment until the company has reviewed it, Aaron Zamost, a Google spokesman, said in an e-mail.

The case is PayPal v. Google Inc. (GOOG), 11CV201863, California Superior Court, County of Santa Clara (San Jose).

Update...

ADG

05-25-2011, 06:13 PM	#1
BSleazy Confirmed User Industry Role: Join Date: Aug 2002 Location: USA Posts: 6,721	Banks team up for online payment system Bank of America, Wells Fargo and JPMorgan Chase are creating a service that would allow online and mobile customers to send money via text and email messages to fellow customers of the banks. http://www.latimes.com/business/la-f...,3503355.story __________________ icq 156131086

05-25-2011, 07:40 PM	#2
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	I guess they have plenty of backing __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

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05-25-2011, 09:00 PM	#5
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 73,603	I read this earlier this morning and was disappointed no one mentioned it. The banks see exactly how much money goes to Paypal and they must be kicking themselves right about now.... __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

05-25-2011, 10:24 PM	#7
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05-25-2011, 10:31 PM	#8
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05-26-2011, 12:57 AM	#9
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	Oh cool look, another way for the banks to post record profits on the backs of the working poor! HURRRRAYYS