Fifth Third Bank to issue RevolutionCard from Revolution Money
October 20th, 2009 - 11:06 pm ICT by Aishwarya Bhatt
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St. Petersburg, Oct 20 (THAINDIAN NEWS) Revolution Money has announced that Fifth Third Bank has joined its Revolution Money network as an issuing bank too. According to Revolution, “the combination of Fifth Third Bank’s card-issuing capabilities with Revolution Money’s marketing and customer servicing and communication capabilities will provide a robust platform for expanded adoption of RevolutionCard.”
“With Fifth Third as an issuing bank we have our largest opportunity yet to significantly grow the RevolutionCard business,” said Jason Hogg, founder and CEO of Revolution Money. “Our partnership coincides with a time when consumers are looking for the type of embedded value in every purchase that Revolution Card provides.”
The revolutionary RevolutionCard has no interchange fees, which leads to a huge cost savings for businesses and other merchants. They can pass on these savings to the customers too, if they want in the form of loyalty programs and other incentives.
Also, RevolutionCard is a very safe card. It is a pin-based card, so even if it is lost, then the owner of the card can be assured of the fact that nobody can use the card unless he knows the pin too.
“We are excited to join the Revolution Money network and about the opportunity it creates by providing Fifth Third with a new card distribution channel to supplement our existing distribution channels,” said Jon Groch, Fifth Third Bank director of Bankcard Services. “We are confident that the value proposition the Revolution Card provides will attract loyal customers seeking everyday value, and enhanced security from their credit card.”
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- incentives
- interchange fees
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