NEW YORK (MainStreet)If you thought the mobile patent wars had reached a crescendo with the Apple v. Samsung battle over design patents, think again. With digital payments shifting to the mobile, the patent battleground may just have shifted to innovations in the field of digital wallets.
Do No Evil
For a change, it is Google that's been made out as the bad guy. In 2011 it was hit by a lawsuit by PayPal, whose honchos were angered that two of its top executives jumped ship to head to Google Wallet. PayPal claimed trade secrets were stolen and that the ex-employees violated their terms of employment by engaging in discussions with Google while still being at Paypal.
Google was also sued in the same year by Peter Sprogis, CEO of Molo Rewards, a loyalty start-up which claimed that its NFC-based innovations were infringed upon by Google. This was preceded by a patent litigation filed by E-Micro against Google where interestingly the situation was resolved when E-Micro's mobile payments patent portfolio was acquired by Google for an undisclosed sum, and the lawsuit withdrawn.
However, as Google's shown in social media, the giant does not give up easily, especially on a market that is estimated by Forrest Research to reach $90 billion by 2017. "Payments are a big part of what people do everyday, and we're committed to making them easier for everyone," says Google spokesman Nate Tyler.