If it's good enough for Citigroup Inc. and Steve Case, the founder of America Online Inc., why wouldn't you want in as well?

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If it's good enough for Citigroup Inc. and Steve Case, the founder of America Online Inc., why wouldn't you want in as well?
 
Revolution Money Inc., a new online payment venture, is betting that its system for sending funds through instant messaging software, and its roster of backers, will help it stand out among the alternative transaction providers that are trying to attract users.

They will deposit $25 in your account when you open it, and pay you $10.00 for every referral.

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Four banks, including Citigroup Inc., are involved with Revolution Money in various ways.

Revolution Money has attracted a marquee lineup of supporters. It began offering its cards in April under the name GratisCard, but it has changed its name to align itself more closely with its primary venture-capital backer, Revolution LLC, an investment company headed by Steve Case, the founder of America Online Inc. (now AOL LLC, a unit of Time Warner Inc.).

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Another AOL alumnus, Ted Leonsis, is Revolution Money's chairman, and its board includes former Treasury Secretary Lawrence Summers; David Pottruck, the former CEO of Charles Schwab Corp.; Franklin Raines, the former CEO of Fannie Mae and former director of the Office of Management and Budget; and Jason Hogg's father, Russell Hogg, the former president and CEO of MasterCard International.

Revolution Money is backed by Citi, Morgan Stanley, and Deutsche Bank AG, which participated in a $50 million venture capital round.   http://tinyurl.com/5fx3e3