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September 27, 2007

RevolutionCard Online Payment Revolution On

Steve Case, co-founder of AOL, has dropped hints that Revolution LLC, his new business venture could be providing cheaper online money transactions for both consumers and business owners.

This is great news considering the current high cost of transferring money online right now. For me personally, services such as PayPal are fabulous because I can instantly receive money however the costs to receive payments are very high.

The RevolutionCard is set to transform the foundation of how online payment processing is done.

Revolutionizing Consumer Safety

The RevolutionCard will protect consumers from identity fraud because it is PIN (Personal Identification Number) based, which means if your card is lost or stolen your personal information is secure because your PIN must be keyed in to use the card.

Another key feature to protecting your identity is there are no account numbers nor does your name appear on the card so there is no possible way for a would-be identity thief to get your personally identifying information from the card

Business Owners Increase Margins

The Revolution MoneyExchange service will cut merchant payment processing costs by as much as 75% giving businesses greater profit margins.

While money savings is a key feature to accepting payments, the Revolution Card will give you more options to accept payments including from mobile devices such as cell phones. Plugins to instant messenger services such as AIM will also allow for money transfers from your friends list.

Revolution MoneyExchange will also allow for greater flexibility by enhancing your loyalty rewards programs and allow you to launch co-marketing campaigns with greater ease.

Now, I must go apply for this program to get my online processing costs down. Currently I am paying as much as 8.9% transaction fees with my payment processor.

Posted by Colin on September 27, 2007 09:59 AM | Permalink | DIGG THIS STORY

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