PayPal's Late With Own Killer Mobile-Pay Plan

(TheStreet) -- Google GOOG leapt into mobile payments Thursday with partners like Citi C and MasterCard MA. Totally outmaneuvered, eBay's EBAY PayPal cried foul. Instead of firing back with its own pay plan, PayPal -- the giant of ecommerce transactions, the company that practically invented the virtual wallet -- filed a lawsuit saying Google stole its secret recipe. "The lawsuit at least indicates they still care about mobile payments," says Recon Analytics' Roger Entner. PayPal has built a successful franchise online, and you'd think they should have realized online includes mobile," says Entner. Continue reading the article.