American Express Company is acquiring Revolution Money, which was launched by AOL co-founder Steve Case's Revolution LLC in 2007. Revolution Money is an online person-to-person payment whose accounts are FDIC insured and targeted at social and instant messaging networks. It also offers a prepaid card linked to those accounts that can be used for offline payments or to withdraw cash from ATMs throughout the United States............
See article here: Steve Case and Ted Leonsis throw in the towel on Revolution Money
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