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AOL co-founder backs new online payment firm

Steve Case, the founder of the AOL Internet service, is backing a new online payment company that promises to let users transfer funds for free and offer a credit card with sharply lower fees for merchants. The new venture, Revolution Money, said it will let users transfer money to individuals and online merchants for free through its Revolution Money Exchange service. The payment system is in a pilot stage.

This entry was posted on Monday, October 15th, 2007 at 2:32 pm and is filed under eCommerce. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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