Sounds like Google will launch a service this year to compete with eBay's PayPal.
Remember eBay's old payment system before they bought PayPal? Remember Yahoo's? They were all shut down. Still, I think people are pretty quick to adopt Google's services and when this happens, it will be a big hit to eBay. PayPal represents over 20% of eBay's revenue.
Also, it looks like Google formed Google Payment Corporation a few months back.