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Tuesday, April 8, 2008

PayPal Has a Competitor

PayPal needs to step up and slash fees to compete with the new kid, RevolutionaryMoneyExchange.

Join and get $25 in your account. I did. It worked. I'm all for competition.

Refer A Friend using Revolution Money Exchange

WASHINGTON, September 24, 2007 – Revolution LLC, the investment company created by Steve Case, today launched a new subsidiary, Revolution Money, an innovative new payment platform created to transform the payment industry by drastically altering the economics through Internet-based technology, generating significant consumer and merchant benefits. Revolution Money offers consumers one of the most secure credit cards with significantly lower interchange fees for merchants and the first free online money transfer service, Revolution Money, formerly GratisCard Inc., has been formed by Case, Revolution Money Chairman Ted Leonsis, former United States Treasury Secretary Larry Summers, former Charles Schwab CEO David Pottruck, and former MasterCard International President and CEO Russell Hogg, among others, and is backed by Citi, Morgan Stanley and Deutsche Bank.

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