PayPal signed many new retail partnerships this year, while also building a digital wallet and a handful of plastic cards to complement its online payment system.

PayPal's year began with the departure of its president, Scott Thompson, who left to run Yahoo, sparking speculation that PayPal would soon have to contend with Yahoo as a new rival in online payments. This speculation ended as abruptly as did Thompson's tenure as Yahoo's CEO — he left after it emerged that he misrepresented his academic credentials.

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