Revolution Money is a financial services company whose products include a PIN-based credit card, online person-to-person payments service with a linked stored value card, and gift card. Revolution Money is the newest payment brand in the United States, and is the only credit card that does not charge retailers interchange fees.
Revolution Money's site was visited by only 33,000 people in the U.S. even in February, down from a marketing-fueled high of 742,000 a year before in March, 2008. Revolution Money is based in St. Petersburg, Florida.
Revolution Money has three products: RevolutionCard, Revolution MoneyExchange and RevolutionGift. RevolutionCard is a credit card. Revolution MoneyExchange provides free online money transfers between members and the card linked to the account can be used at retailers and ATMs. Revolution MoneyExchange accounts are issued by First Bank and Trust.
On November 18, 2009, American Express announced that it would acquire Revolution Money for 500 million USD and finally did for 300 million USD.
Famous quotes containing the words revolution and/or money:
“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (1906–1975)
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—George Bernard Shaw (1856–1950)