Google Wallet stepped on the scene a month before PayPal's NFC transfer widget. Paypal's NFC will let users pay for items from friends by touching your phones together until they buzz. Google's software will allow you to pay for goods and services with the wave of a smartphone, but you'll be able to do business at actual stores.
PayPal isn’t taking kindly to its competitor. The company is suing Google over two of its former employees, Osama Bedier and Stephanie Tilenius. Both jumped over to Google in the past year to work on its mobile commerce initiative, Google Wallet. PayPal says Bedier had access to top PayPal secrets which he then shared with Google, violating his contract. Tilenius is also in violation of contract, says PayPal, because of recruiting Bedier.
Whatever the case is, consumers will likely use both products in addition to Square and Intuit, because each company offers something different. Square allows you to swipe physical credit cards, Intuit does that plus manages your taxes and sales info. Paypal offers transactions between homies, and Google Wallet works well when you leave your credit card in the car but decide you want to buy those new shoes anyway. How about instead of suing, one company merges all of the ideas, so that consumers don't have to suffer?
[Source: Wired]