Tag Archives: Revolution Money

A Rush of Productivity

Posted on by

My book project - ”The Business of Happiness” – has been turned into the publisher. A first indication from their editors is that they are “happy” with it and I am very happy with my partnership with John Buckley who worked with me on the book. We hope to get it into market in early 2010. I never knew how hard writing a book would be. It is a great relief to get the book sent to the publisher.

A new film that I am helping to produce has been sent to the Sundance Film Festival. We all have our fingers crossed that it will be accepted. I am very proud to be associated with another “Filmanthropy” project such as this. Rick Allen, CEO of SnagFilms, has been working with me and the first time film directors on it. It is a very moving documentary about an inspirational character who overcomes great odds to win at the game of life!

Some of the companies that I am associated with as founder, majority owner or as an investor, Chairman or serving on their board have been having some break out activities of late. A few names spring to mind - Groupon; SnagFilms; Revolution Money; The Washington Capitals. Customer satisfaction is very high with these companies. Business is booming of late. Growth is off the chart with all of these organizations. All four of these firms are in the business of happiness.

We are blessed. It has been a wild and exciting last six months of work!

Debit Instead of Credit Cards

Posted on by

Here is a terrific article about a new trend in consumer spending habits. It focuses on the convenience of use of debit cards vs. high interest credit cards.

This augers well for us at Revolution Money. We have built a next generation payments platform and one that combines online and offline. You can connect your checking account to the piece of plastic.

The card - Revolution Card - is a credit card. It is also a debit card. And it is an ATM card. And it can connect to your online PayPal-like account from us. All in one.

It works like a debit card in that it is PIN based. Because it is PIN based, it is safe and secure. It doesn’t have an account number on it. It doesn’t have your name on it. It doesn’t have your signature on it.

Debit is a big part of the payments future. Being able to load your dollars from your online account into your personal account and pay for products and services from your prepaid or debit account is going to be massively important to consumers.

PayPal Raises Rates By a Lot

Posted on by

Check out this series of articles. They note that PayPal has raised its rates to consumers and merchants by almost 3 percent. Click here to read them all. Their communications of the rate increase hasn’t gone over very well.

This price increase is antithetical to a technology world of ever decreasing costs and in an environment where banks and financial service providers are to be on the side of the consumer and merchant.

This position and new fee structure by PayPal is exactly why we are working so hard at Revolution Money to provide an alternative experience and fee structure to compete with PayPal. There needs to be effective competition in a market and there needs to be a viable competitor to keep the incumbent honest and on their toes.

Stay tuned to some new activities by us in this space to help consumers and merchants pay online and at much lower fees. I am surprised that these rates have been increased at this time in our economic crisis. For more information on Revolution MoneyExchange, click here. Sign up today.

A Bunch of Hype

Posted on by
Wow. Sometimes I read statements in the media and have to shake my head.
 
Payments is a space we know something about. Revolution Money is one of the companies I am very excited about. I serve as Chairman. We have a great investment group and a fantastic, experienced management team and sophisticated investors in the space such as Citi and Goldman to name a few.