
Revolution Money, a spinoff of Revolution LLC, founded by AOL co-founder Steve Case, and current CEO of Revolution Health...phew! all with similar branding, has launched a new credit card. You don't see that every day.
The RevolutionCard is not an every day credit card, though. The RevolutionCard is distancing itself from the long-standing MasterCard and Visa mold by being more secure, more flexible and a more "internet enabled" model of credit card.
What does that mean? Well, for starters, as you can see above with an actual image of the current version of the card, RevolutionCard does not print users' names or account numbers on their cards; rather, use of the the card is based entirely on encryption and a 4 digit PIN.
Additionally, Revolution Money (backed by Citi, Morgan Stanley and Deutsche Bank), just launched Revolution MoneyExchange (still in Beta), their PayPal killer. The new service, coupled with the card, allows you to store and transfer money across a variety of internet platforms, including social networks and instant messaging portals.
Here is yet another example of how Web 2.0 technologies can benefit consumers and merchants alike, turning the industry on its ear to create opportunities...traditional banks and lenders should watch, learn and listen.