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 MoneyExchange service. The payment system is in a pilot stage.
Revolution Money will go up against popular online payment systems such as industry leader PayPal from eBay and one
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