Revolution Money

Infobox Company
company_name = Revolution Money Inc.
company_
type = Private
foundation = 2007
location = St. Petersburg, Florida
company_slogan = Currency for the 21st Century
key_people = Jason Hogg, Founder and CEO
industry = Financial Services
products = Payment systems
revenue =
gross profit =
operating_income =
net_income =
num_employees =
parent = Revolution LLC
subsid =
homepage = [http://www.revolutionmoney.com/ www.revolutionmoney.com]
footnotes =

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 first new payment brand introduced in the United States since Discover Network in 1985, and is the only credit card that does not charge retailersinterchange fees. Revolution Money is based in St. Petersburg, Florida. Fact|date=July 2008 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.

Products

RevolutionCard

RevolutionCard 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 is projected that 1 million locations will accept it by the end of 2008. 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 accountholders 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, an investment firm founded by Steve Case, the founder of AOL.

Management Team

Jason Hogg – Founder, President and CEO

Partners

*Yahoo! Sports
*Fifth Third Bank

References

*cite news |first=Paula |last=Squires |authorlink= |coauthors= |title=Steve Case searches for another iconic brand |url=http://www.virginiabusiness.com/index.php/news/article/steve-case-searches-for-another-iconic-brand/893/ |work=Virginia Business |publisher= |date=June 01, 2008 |accessdate=2008-07-22

*cite news |first=Jefferson |last=Graham |authorlink= |coauthors= |title=Talkin' 'bout a Revolution in transferring money online |url=http://www.usatoday.com/tech/techinvestor/corporatenews/2007-11-06-ted-leonis-steve-case_N.htm |work=USA Today |publisher= |date=2007-11-06 |accessdate=2008-07-22

*cite news |first= |last= |authorlink= |coauthors= |title=Revolution Money - Formerly GratisCard |url=http://www.paymentsnews.com/2007/09/revolution-mone.html |work=Payments News |publisher= |date= |accessdate=2008-07-22

*cite news |first= |last= |authorlink= |coauthors= |title=Revolution Money offers online payment alternative |url=http://www.gizmag.com/go/8124/ |work=gizmag.com |publisher= |date=October 12, 2007 |accessdate=2008-07-22

*cite news |first= |last= |authorlink= |coauthors= |title= Revolutionary Money: Upstart Challenges the Credit Card Industry
url=http://www.portfolio.com/views/blogs/the-tech-observer/2008/07/01/revolutionary-money-upstart-challenges-the-credit-card-industry |work=Portfolio.com |publisher= |date=2008-07-01 |accessdate=2008-07-22

*cite news |first= |last= |authorlink= |coauthors= |title=Revolution Money Aims for 1 Million Merchants, Cardholders by Year End |url=http://www.digitaltransactions.net/newsstory.cfm?newsid=1820 |work=Digital Transactions |publisher= |date=June 20, 2008 |accessdate=2008-07-22

*cite news |first=Brian |last=Burnsed |authorlink= |coauthors= |title=Top News: To Save Money at the Gas Pump, Pay Cash. Filling stations are offering a 6¢-a-gallon discount for cash customers, to incentivize the use of cash, cutting back on hefty credit-card fees |url=http://www.businessweek.com/bwdaily/dnflash/content/jun2008/db20080619_083558.htm |work=BusinessWeek |publisher= |date=June 20, 2008 |accessdate=2008-07-22

*cite news |first=Antone |last=Gonsalves |authorlink= |coauthors= |title=Revolution Online Money Transfer Service Pits Itself Against PayPal. The company is marketing its new RevolutionCard credit card payment service as a more secure option to traditional credit cards from MasterCard or Visa.
url=http://www.informationweek.com/news/internet/showArticle.jhtml?articleID=202804023 |work=InformationWeek |publisher= |date=November 8, 2007 |accessdate=2008-07-22

*cite news |first= |last= |authorlink= |coauthors= |title=St. Pete payments firm strikes deal with Fifth Third
url=http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=ACBJ&date=20080205&id=8140775 |work=MSN Money |publisher= |date=2008-02-05 |accessdate=2008-07-22

*cite news |first=Leslie |last=Cauley |authorlink= |coauthors= |title=Account number, name not on this credit card |url=http://www.usatoday.com/money/perfi/credit/2007-09-23-revolution-credit_N.htm |work=USA Today |publisher= |date=2007-09-23 |accessdate=2008-07-22

*cite news |first=Margie |last=Manning |authorlink= |coauthors= |title=St. Petersburg credit card company launches a Revolution |url=http://tampabay.bizjournals.com/tampabay/stories/2007/08/20/story7.html |work=Tampa Bay Business Journal |publisher= |date=Friday, August 17, 2007 |accessdate=2008-07-22

*cite news |first= Kris |last=Hundley |authorlink= |coauthors= |title=Get ready for credit card 2.0. The name of the St. Petersburg company sums it up, say the founders of Revolution Money.
url=http://www.sptimes.com/2007/10/27/Business/Get_ready_for_credit_.shtml |work=St. Petersburg Times |publisher= |date=October 27, 2007 |accessdate=2008-07-22

*cite news |first= |last= |authorlink= |coauthors= |title=AOL co-founder backs new online payment firm |url=http://www.washingtonpost.com/wp-dyn/content/article/2007/09/25/AR2007092501899_pf.html |work=The Washington Post |publisher= |date=2007-09-25 |accessdate=2008-07-22

*cite news |first=Keith |last=Regan |authorlink= |coauthors= |title=A Host of Hot Niches on the E-Commerce VC Trail
url=http://www.ecommercetimes.com/story/61104.html |work=E-Commerce Times |publisher= |date= Jan. 9, 2008 |accessdate=2008-07-22