MoneyWise :: ‘Revolution’ in online payments?

Released: November 07, 2007

‘Revolution’ in online payments?

SAN FRANCISCO — Ted Leonsis wants you to pay bills and transfer money online in a new way, with no fees.

The entrepreneur and vice chairman emeritus of AOL has teamed with AOL founder Steve Case in a venture called Revolution Money, a kind of combination credit/debit card and online payment system. It’s a unit of Case’s Revolution, which has launched several other companies.

The RevolutionCard launched in September. Today, Revolution MoneyExchange launches, aiming to take on online payment leader PayPal by offering free money transfers online at revolutionmoney.com.

Read Full Article: ‘Revolution’ in online payments?

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