Welcome to the News View for "Revolution Money".
Here, on these archive pages, you'll find all of the articles on Payments News for Revolution Money listed in date sequence beginning with the most recent article at the top of the page.
Revolution Money Chairman Ted Leonsis appeared on CNBC this morning to discuss the deal with Fifth Third. He was joined by Jim Robinson III, former Chairman and Chief Executive Officer of American Express, who recently invested in and joined the board of Revolution Money and Steve Case, Co-Founder of AOL and Chairman of Revolution, LLC.
Be sure to visit PaymentsViews.com regularly for more of this kind of analysis from your friends at Glenbrook - while we continue to cover the news for payments professionals here on PaymentsNews.com!
A number of awards are being given at this years conference - including:
Russ will also be participating in a round table discussion on best practices in recurring payments on August 13th. The DRF 2008 conference is being held in San Diego. The full agenda is available online. If you're going to be at the conference, - he'd love to meet you!
Revolution Money and Shipley Energy have announced that Shipley has become the first energy company to offer a co-branded RevolutionCard. Shipley plans to "periodically boast valuable incentives for consumers when they use their RevolutionCard for qualifying Shipley Energy purchases."
Francine Kizner writes for Entrepreneur.com about alternative payments providers Bill Me Later, eBillMe, Revolution Money, and Bill-to-Phone. "Alternative payment companies entice buyers who may not have credit cards, feel wary about sharing their information online or just want an easier checkout experience."
Fifth Third Processing Solutions and Revolution Money have announced an agreement under which the RevolutionCard can be accepted by Fifth Third
Processing Solutions' merchant customers across the United States, through
Fifth Third's Jeanie network.
Kris Hundley writes for the St. Petersburg Times about hometown company Revolution Money - saying that "the company's two products, a PayPal competitor called Revolution MoneyExchange and a PIN-based credit card called Revolution Card, are ready to take on the MasterCards and Visas of the world."
Revolution Money's chairman Ted Leonsis and CEO Jason Hogg spoke this week at the Web 2.0 Summit being held in San Francisco. Barron's Eric Savitz captured some of the discussion on his Tech Trader Daily blog. "Leonsis is saying they are looking for way to disrupt the fees in the credit card business, and figure out how to drive some of them back to the consumer." Others writing about the discussion include Information Week's Mitch Wagner. "We want to become to social networks what PayPal is to eBay."
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."
Jaikumar Vijayan writes for ComputerWorld about GratisCard - saying that "when the company launches on April 1, it plans to introduce the nation's first completely anonymous credit card with no name or number and no physical data stored on the card itself."
Brian Grow writes for Business Week about GratisCard - backed by former AOL Chairman Steve Case and scheduled for an April launch. According to Grow, GratisCard intends to stimulate merchant acceptance by charging only 50 basis points in merchant acceptance fees. Whether they can incent bank issuance at that level remains to be seen.
Robin Sidel reports for the Wall St. Journal on Gratis - quoting Jason Hogg, president and chief executive of GratisCard LLC, as saying that "the current [payment card] infrastructure is inefficient and costly."
For more information, see the GratisCard web site.