Products
RevolutionCard
RevolutionCard (click on this page for card image) is a PIN-based credit card. The card itself has no name, signature, or account number so, if lost or stolen, it cannot be used unless the PIN is known. 150,000 merchants currently accept RevolutionCard, and it was projected that 1 million locations would accept it by the end of 2008. In 2009, that plateau hadn't been reached, but Revolution Money expect to do it with a new partnership with Chase. Even accepted by many merchants, Revolution Money still an under-subscribed system due to its low income to banks, and in certain cases losses.
Consumers receive a credit approval decision instantly when applying for the RevolutionCard. RevolutionCard works with multiple banks to providing a broad spectrum of interest rates for card applicants. RevolutionCard charges merchants a 0.50% transaction processing fee and no interchange fee. Revolution Money then helps retailers turn some of their savings into rewards or discounts for consumers. RevolutionCard’s network is built on a rules-based, proprietary technology using the Internet as the backbone for transactions.
Revolution MoneyExchange
Revolution MoneyExchange is an online payments service that lets users send and receive money. There are no fees charged for online transfers between accounts. The Revolution MoneyExchange Card is a stored-value card that allows account holders to access their funds for purchases at merchant locations on the RevolutionCard network and for cash withdrawals at ATMs nationwide. Revolution MoneyExchange is available only to people in the United States.
RevolutionGift
RevolutionGift is a prepaid PIN-based gift card. Like the RevolutionCard, there is no account number printed on the card. RevolutionGift card must be activated before use.
Revolution LLC
Revolution Money is a division of Revolution LLC and Mirage Investments, LLC, an investment firm founded by Steve Case, the founder of AOL and co-CEO of Mirage Investments, LLC.
Read more about this topic: Revolution Money
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