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Table of Contents

Lead Story

Uncle Sam's finger in the payment pie: A legislative update

Patti Murphy
The Takoma Group

News

Industry Update

Interchange mandates might help, but not everyone

Holidays a boon for data thieves, too

ETAU now in session

An AmEx Revolution

Features

GS Advisory Board:
The best moves of 2009 - Part I

Research Rundown

Selling Prepaid

Prepaid in brief

Origins of the gift card mall

Walter Paulsen
Payments Industry Consultant

Views

Principles for success in 2010

Biff Matthews
CardWare International

Automate or flounder

Scott Henry
VeriFone

Education

Street SmartsSM:
To train or not to train

Jon Perry and Vanessa Lang
888QuikRate.com

Digging into PCI - Parts 5 and 6:
Maintain a vulnerability management program

Tim Cranny
Panoptic Security Inc.

The annual marketing and communications plan

Peggy Bekavac Olson
Strategic Marketing

PIN entry devices: Plan now for July 2010

Joan Herbig
ControlScan

Creating positive consequences:
Three tips

Jeff Fortney
Clearent LLC

Company Profile

Performance Training Systems Bankcard Boot Camp

New Products

Digitizing Cash

CashLINK
Garda

Name recognition for ISOs

CarpéCharge terminal branding
CarpéCharge

Inspiration

Work that family mojo

Departments

10 Years ago in
The Green Sheet

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

December 14, 2009  •  Issue 09:12:01

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An AmEx Revolution

American Express Co. reported in November 2009 that it had agreed to acquire alternative payment solutions provider Revolution Money LLC for approximately $300 million. Subject to regulatory review the transaction is expected to close in the first quarter of 2010.

Revolution Money will become the first component of AmEx's recently formed Enterprise Growth organization, which was established to focus on generating incremental fee revenue and drive the company's entry into new payment areas. Kenneth I. Chenault, AmEx's Chairman and Chief Executive Officer, said the new Revolution Money subsidiary's initial areas of focus will include:

"New payment products and platforms are evolving more rapidly than at any time I can remember," Chenault said. "And while there are many growth opportunities in our traditional payments business, we believe that it is important for us to keep identifying cutting-edge technologies."

Poised for growth

Chenault said that Revolution Money (which was launched by AOL co-founder Steve Case's Revolution LLC in 2007) has significant growth potential as it competes with other online, person-to-person payment providers.

"We believe joining with us will help unlock [Revolution Money's] potential, enable us to deliver competitive online payment products more rapidly and efficiently, give us additional online capabilities, speed our entry into emerging payments, as well as broaden our offerings and access to new customer segments," he said.

Chenault added that Jason Hogg, founder and CEO of Revolution Money, will continue as President and CEO. Ted Leonsis, Chairman of Revolution Money, will become a special advisor to AmEx, working with Chenault on mobile and online payment strategies.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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