We’re proud to be included in the Fintech Power 50’s class of 2020 and now in its second annual industry guide. Of course, we encourage you to read “New Horizons”, an article contributed by our CEO Clay Wilkes. (Take a look at our ad on page 4, too!). But, we also encourage you to review the rest of the rich content submitted by other members of the Fintech Power 50 and leading industry influencers. These include the Emerging Payments Association’s Director General Tony Craddock, the “Finanser” Chris Skinner, payments gurus David Parker and Jim Marous, and fintech mentor Dr. Ruth Wandhöfer.
Their predictions and views will intrigue and inform you, and it’s interesting that—although writing independently—the importance of data is a pervasive theme. And, don’t miss Chris Skinner’s article, which opens with the LOL-worthy line: “Data isn’t the new oil; it’s air.” 2020 is off to a great start at Galileo and we’re delighted to be included among the most influential, innovative companies and powerful figures within the fintech industry.
To learn more, please contact us!
Your Loyalty Program Might Be Ignoring Your Best Customers
For decades, most loyalty programs were built around credit cards. That alignment made sense at a time when revolving credit was the primary lens through which loyalty and rewards were structured. But consumer payment behavior has changed, and Gen Z is making that shift especially visible.
SoFi and Mastercard Partner to Enable SoFiUSD Settlement Across Mastercard’s Global Payments Network
SoFi’s fully reserved U.S. dollar stablecoin will support settlement across the Mastercard network, including for SoFi Bank, N.A. Galileo, SoFi’s technology platform, will be among the first to offer its clients and their issuing banks the choice to settle transactions using SoFiUSD The Mastercard Multi-Token Network will look to support SoFiUSD, help expand interoperability between digital assets and traditional forms of money
Southwest and Galileo Bring Rewards to Debit’s Doorstep
Galileo’s platform integrates issuing, processing, and program management so non-financial brands like Southwest can launch co-branded cards faster. The economics of debit rewards differ from credit, but Galileo CFO Bill Kennedy said technology efficiencies and deeper loyalty make the model sustainable.
United Airlines Launches MileagePlus Debit Rewards Card that Earns Miles for Spending and Saving
This new card allows MileagePlus members to earn miles through everyday purchases and qualifying account balances. Available now with no monthly fees with an average daily account balance of $2,000 or greater, MileagePlus members can open the debit rewards card at UnitedDebitRewards.com
Southwest Airlines, powered by Galileo (SoFi’s tech platform), has launched the Rapid Rewards Debit Card
Southwest Airlines, powered by Galileo (SoFi’s tech platform), has launched the Rapid Rewards Debit Card, letting debit-first customers earn points on everyday purchases to redeem against flights.
