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Online Payments

American Express completes acquisition of Revolution Money

Monday 18 January 2010 | 10:53 AM CET

American Express has completed the acquisition of Revolution Money, a provider of payment services via an internet-based platform.

Revolution Money now operates as a division of American Express and a component of the Enterprise Growth organization. Jason Hogg will maintain his position as founder and chief executive officer of the company. According to American Express representatives, the acquisition will help the company develop reloadable and prepaid products, launch new products for card members who use alternative payment systems, provide payment alternatives for social-media platforms as well as create mobile payment services in the US. 

 
 

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