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Revolution Money Inc. needs "three or four" more top acquirers to meet its goal to have 1 million merchant locations accepting its RevolutionCard by the end of the year, says David Fish, senior analyst at Mercator Advisory Group Inc., a Maynard, Mass.-based consultancy. Revolution Money owns upstart credit card brand RevolutionCard. "The integration with acquirers is an absolute necessity" for Revolution Money to achieve its merchant-locations goal, says Fish. "When you're trying to have a viable payment brand, you need to pull up the acceptance level simultaneously with ramping up card issuance." A merchant-processing agreement with RBS WorldPay (CardLine, 10/17) brings the company closer to reaching its million-merchant goal, says Duncan Evans, executive vice president and general manager of the RevolutionCard Network at St. Petersburg, Fla.-based Revolution Money. The RBS agreement increases the RevolutionCard network to nearly 300,000 online and physical merchant locations. The card brand is in various stages of additional partnerships with acquirers and processors, says Evans, declining to name specific companies. RBS WorldPay, formerly known as RBS Lynk, is the U.S. payment-processing branch of the Royal Bank of Scotland Group.
