PayPal's Eventful Year

December 31, 2012 11:17 AM

Signage for Ebay Inc.'s PayPal unit is seen outside the company's offices in Dubin, Ireland, on Thursday, Feb. 9, 2012. Ireland will give a tax break to ''key'' overseas workers who are assigned to work in the country, Finance Minister Michael Noonan said in an e-mailed statement. Photograph: Aidan Crawley/Bloomberg

Aidan Crawley/Bloomberg

(Image: Bloomberg News)

Scott Thompson, president and chief executive officer of PayPal Inc., speaks during an event at company headquarters in San Jose, California, U.S., on Thursday, Feb. 10, 2011. PayPal, the online-payment service owned by eBay Inc., will double its revenue to $6 billion to $7 billion by 2013, Thompson said today during a meeting with analysts. Photographer: Kim White/Bloomberg *** Local Caption *** Scott Thompson

Kim White/Bloomberg

Out with the Old

PayPal president Scott Thompson left in early 2012 to run Yahoo, though he soon left that job after his credentials came under scrutiny. He now runs an e-commerce startup called ShopRunner. (Image: Bloomberg News)

David Marcus, vice president and general manager of mobile for Paypal Inc., unveils PayPal Here in San Francisco, California, U.S., in a handout photo provided to the media on Thursday, March 15, 2012. EBay Inc.'s PayPal division, aiming to get cab drivers and small merchants to use its payment system, unveiled a new card-swiping device that scans checks and works with all four major credit-card networks. Photographer: Kim White/Paypal Via Bloomberg EDITOR'S NOTE: NO SALES. EDITORIAL USE ONLY

Kim White/Via Bloomberg

In with the New

David Marcus, who joined PayPal when it bought his mobile-pay company Zong, took PayPal's top job in March. In his earlier role, he helped launch Here, PayPal's answer to the Square mobile card reader. (Image: Bloomberg News)

Downsizing

Joachim Angeltun/Getty Images/iStockphoto

Layoffs

PayPal began reducing its headcount in 2012 by about 400 people. EBay CEO John Donahoe said this was to "simplify its product organization and [create] more agile development teams." (Image: ThinkStock)

Asian Man Making An Avatar

Konstantin Li/Getty Images/iStockphoto

Face Time

PayPal's Here card reader also hosts a mobile wallet that shows a user's picture to a merchant when that user checks in. A test of this system found some enthusiastic users, but did not generate a massive number of transactions. (Image: ThinkStock)

Customers walk towards a Home Depot Inc. store in Washington, D.C., U.S., on Monday, Nov. 12, 2012. Home Depot Inc. is scheduled to release earnings data on Nov. 13. Photographer: Andrew Harrer/Bloomberg

Andrew Harrer/Bloomberg

Digital Payments

PayPal's developed a point of sale system it initially tested with Home Depot. The system spread to about 20 merchants by the end of 2012 (Image: Bloomberg News)

Discover credit cards are arranged for a photograph in New York, U.S., on Thursday, Dec. 20, 2007. Discover Financial Services, the credit-card company spun off by Morgan Stanley in June, posted a fourth-quarter loss after writing down its money-losing U.K. business. Results beat analysts' estimates and the shares rose. Photographer: Daniel Acker/Bloomberg News

DANIEL ACKER/BLOOMBERG NEWS

Discover Dives In

and is set to expand exponentially in 2013 through a pact with Discover, which will allow all of its merchants to accept PayPal payments at the point of sale. (Image: Bloomberg News)

Debts

Nick M. Do/Getty Images/iStockphoto

Plastic Loses Appeal

PayPal's digital wallet allows users to make purchases with or without a plastic card. Seventy percent of these transactions take place without the card. (Image: ThinkStock)

The hand lasts to dollars

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Coming After Cash

PayPal is making its system easier to use with cash. Users can load cash at Coinstar machines, through a Green Dot MoneyPak card and, most recently, through buying a PayPal My Cash Card in retail stores. (Image: ThinkStock)

Handshake

Dmitriy Shironosov/Getty Images/Hemera

Eyes on ISOs

PayPal indicated at an October conference for acquirers that it is interested in working with them to reach more merchants. (Image: ThinkStock)

Payment processing

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