dcsimg

RevolutionCard Enlists Fifth Third Bank for Credit Card Security Overhaul

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook
RevolutionCard Enlists Fifth Third Bank for Credit Card Security Overhaul

Revolution Money gained a major supporter for its RevolutionCard platform by signing Fifth Third Bank as an issuing bank. Previously Fifth Third had partnered with Revolution Money to help merchants accept RevolutionCard credit cards and stored value cards at merchants throughout the country. This week's announcement opens the opportunity for the bank's accountholders to switch to a highly secure alternative to traditional credit cards.

RevolutionCard requires accountholders to enter a PIN at a point of purchase. This extra layer of security reduces risk for both merchants and for issuing banks, allowing Revolution Money to provide its payment platform with no interchange fees for merchants. Hundreds of national merchants already accept the RevolutionCard, through existing agreements with major merchant processing banks.

While other countries have adopted stronger security measures for credit card acceptance, such as "chip and PIN," American retailers have resisted changes that would require significant investments in new technology. The RevolutionCard uses existing payment processing tools, but carries no customer name or signature on its cards. Company officials note that this policy practically eliminates the risk that a lost or stolen card can be used for identity theft or for fraudulent purchases.

0 Responses to "RevolutionCard Enlists Fifth Third Bank for Credit Card Security Overhaul"

No Comments

Leave a Comment
 
 
 
About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.

How do your cards stack up?

Compare your card starting here

NEXT »

Featured Partner Cards

loading