Formerly GratisCard, Revolution Money, a new subsidiary of Steve Case's Revolution LLC, has announced "an innovative new payment platform created to transform the payment industry by drastically altering the economics through Internet-based technology, generating significant consumer and merchant benefits." The company announced the launch of "Revolution MoneyExchange, the first free money transfer service that powers online transactions, and RevolutionCard, the industry's first anonymous, PIN-protected credit card." The company also announced that it is "backed by Citi, Morgan Stanley and Deutsche Bank."
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