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Published byRonald Daniel Modified over 8 years ago
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SHOW ME An Introduction to Revolution Money Presented by: Ted Leonsis Chairman, Revolution Money, Inc. Jason Hogg Founder, President and CEO, Revolution Money, Inc.
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Agenda The Opportunities Industry Background and Concept Genesis An Integrated Approach Company Snapshot Interacting with Revolution Money Redefining the Industry Model Revolution Money’s Next Generation Payment Platform A Comprehensive Solution Product Demo Question and Answers
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The Opportunities Why in a world of ever decreasing telecom, network and computing costs, do interchange and online processing fees and rates increase? These charges add up to a $60 billion marketplace Can these fees be redirected to benefit consumers and merchants, instead of benefiting big monopolists and online incumbents?
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Industry Background & Concept Genesis 0.0% 0.5% 1.0% 1.5% 2.0% 199419961998200020022004 $0.00 $1.00 $2.00 $3.00 199519971999200120032005 Visa Consumer Credit Interchange Fee Rate US interchange fees have increased by 29% since 1995 Interchange Fees Per $100 of Consumer Spending Interchange cost to US merchant increased by 300% in the last 10 yrs The Driver? The intensified competition between Visa, MasterCard and American Express for bank loyalty. The Driver? More card use and higher fees equals more interchange. Opportunity to Better Align Interests of Credit Cards and Merchants Redistribute Savings Back to the Customer Source: Visa USA Source: Nilson Reports, Bureau of Economic Analysis, National Economics Accounts
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PayPal meets MasterCard without the high fees.
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An Integrated Approach www.RevolutionMoney.com www.RevolutionCard.com www.RevolutionMoneyExchange.com
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Company Snapshot CFO of Revolution LLC and former Vice Chairman of JPMorgan David Golden Board of Directors Co-Founder and CTO of Revolution Money Founder and CEO of Revolution Money Former CEO of Charles Schwab Former Chairman & CEO, Fannie Mae; Previously head of OMB Former President & CEO, MasterCard International, Inc. Former Secretary of Treasury; Former President, Harvard University Chairman, Revolution LLC; Co-Founder, AOL; Former Chairman, AOL Time Warner Jason J. Hogg Steve Case Patrick Graf David Pottruck Frank Raines Russell E. Hogg Larry Summers Ted Leonsis, Chairman Additional $50 million in September ’07 Series B venture capital funding led by Citi, Morgan Stanley, Deutsche Bank, Ted Leonsis, and controlling investor, Revolution LLC Ted Leonsis, ChairmanVice Chairman Emeritus AOL: Owner, Washington Capitals
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Opportunities with Revolution Money Integrating with MoneyExchange Widget Developers Fantasy Sports and Gaming Charities and Fundraising Social Networking, Communicating, and Tagging Digital Media, Classifieds, and Commerce Financial Planning eCommerce Sites accepting credit cards PayPal Power Users RevolutionCard and Online Retailers Communications (Wireless, Cable, and Satellite) Multimedia Card Replacement Clicks and Bricks Retailers Consumer Services Card on File Services Large Installed Subscriber Base Gift Cards & Loyalty Programs
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Redefining the Industry Model Issuer $$$ Cardholder Merchant Cardholder Merchant Acquirer Association Processor Issuer Securitizer Revolution Money Model Web 2.0 platform integrates the value chain No new hardware or infrastructure required Next generation operating system reduces payment product fragmentation Own backend operating system with financial institutions Web 2.0 platform is the operating system for First Bank and Trust, Citi, and CompuCredit’s credit activities “Pay as you play” revenue sharing model for the issuing bank
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Revolution Money’s Next Generation Payment Platform Revolution Money’s payment platform combines free online money transfer with credit, and pre-paid solutions all wrapped in one sophisticated offering… Breakout payment platform with viral online scaling and unique offline capability Banks are joining the Revolution: Citi, Morgan Stanley, Deutsche Bank, CompuCredit, First Bank and Trust, Union State Bank Interchange-free credit card Anonymous PIN-based credit card Instant decisioning; card issuance and immediate rewards at POS Free p2p money transfer Ability to attach a plastic to your MoneyExchange account Unprecedented consumer control (i.e. One-time use PIN’s, bill pay, wire money) Gift card capabilities Web 2.0 payment platform
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OnlineOffline The Freedom to Transact One Solution Give interchange to merchants and consumers Enables social networks to add financial transacting to their product offerings Enables consumers to make all their transactions from an integrated network Consumers are already using instant message services, social networks, fantasy sports, digital content, communication or information exchanges Provides consumers security, convenience, risk avoidance, reliability, and a free method of payment transfer with built in viral distribution Works with merchants to redeploy interchange savings Funds loyalty programs for consumer value Provides a network effect for immediate gratification Enables targeted membership base marketing programs A Comprehensive Solution
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Revolution Money’s Web 2.0 Payment Platform
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