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. The concept is similar to what Google tried with Google Checkout, without great success. But there's a twist: Revolution is tied to a next-generation credit and debit card that promises to be more secure and less expensive than current cards. Revolution's target market is the millions of young people who spend hours online at social networks. Later this month, Revolution will launch on AOL's AIM instant-messaging service. AIM "buddies" will be able to transfer money to each other or to participating merchants via an instant-message window. From there, Revolution hopes to be on Facebook, MySpace and anywhere else young people gather online. To use the service, like PayPal, you sign up and type in your bank account information. Revolution transfers the money from your bank to the vendors, at no cost to merchants. However, if consumers want to pay with a credit card, their only option is the RevolutionCard. Merchants will pay 0.5% of the sale, with no monthly fees.http://www.usatoday.com/tech/techinvestor/corporatenews/2007-11-06-ted-leonis-steve-case_N.htm?csp=34
http://revolutionmoney.com/
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