What Cash Crunch? Revolution Growth Raises $450M for Its First Fund.

You say you want a revolution? How about an investment, instead?
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American Express Launches All-New Digital Payments Platform to Attack PayPal's Bread and Butter

American Express is launching an all-new Internet-based payment system that will go up against PayPal as part of the company’s plans to expand beyond its briefcase-touting business clientele.

Exclusive: Former AOLers Steve Case and Ted Leonsis Raising $400 Million Growth Equity Fund

Steve Case and Ted Leonsis are bringing their old AOL band back together once again, this time by raising a $400 million growth equity fund. The pair, the legendary top execs who rocketed AOL to the top of the Internet business in the 1990s, are now making the rounds in New York and elsewhere to pitch their new investment vehicle, sources said.

AmEx: Say We Want a Revolution

AOL moguls Steve Case and Ted Leonsis are smiling into their cornflakes this morning. Moments ago, American Express announced plans to acquire Revolution Money, the online payments outfit they’ve been working on since 2007, for about $300 million.
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Web 2.0 Summit: Revolution Money's Ted Leonsis and Jason Hogg

Now that Ted Leonsis, vice chairman of AOL and president of its “fast-growing” Audience business, has retired from his active management role, he’s got plenty of time to shill for his “Web 2.0 payment platform,” Revolution Money. It’s “PayPal meets MasterCard without the high fees,” says Leonsis, who claims Revolution will completely overhaul the online [...]

Web 2.0 Summit: Revolution Money’s Ted Leonsis and Jason Hogg

Now that Ted Leonsis, vice chairman of AOL and president of its “fast-growing” Audience business, has retired from his active management role, he’s got plenty of time to shill for his “Web 2.0 payment platform,” Revolution Money. It’s “PayPal meets MasterCard without the high fees,” says Leonsis, who claims Revolution will completely overhaul the online [...]