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RevolutionCard: the first credit cards without the name of the owner

Newly released plastic RevolutionCard cards from Revolution Money Inc. - These are the first cards in America on which neither the owner’s name, account number, signature, nor any other identification data are indicated. They are also not encoded on a magnetic strip. In addition, these are the first cards in the United States that require the mandatory entry of a PIN code for all transactions without exception. Use one-time PIN codes with a limited period of validity, which must be ordered via the Internet.

Due to lower commission fees (only 0.5%), new type cards have already gained some popularity among merchants, although only two months have passed since the launch of the company.

In fact, RevolutionCard plastic cards are an offline part of the electronic payment system. Actually, for making payments or sending money, the plastic card itself is not needed, and all payments can be made online through the platform and at the same time the social network RevolutionMoneyExchange.com .

"Revolutionary" startup Revolution Money Inc. created with the participation of Steve Case, one of the founders of the AOL Corporation, as well as Lawrence Summers, the former US Treasury Secretary, and other prominent personalities. Their task is to create an infrastructure and community similar to the one around MasterCard, Visa, Discover and PayPal payment systems.
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via Computerworld

Source: https://habr.com/ru/post/15940/


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