The flexible and accessible testing environment simulates Galileo's live system
SALT LAKE CITY, Oct. 12, 2017 /PRNewswire/ -- Galileo, a payments innovator with a dynamic processing and program management platform for prepaid, debit and virtual transaction processing, today announced the release of its open APIs, enabling developers to experiment and test in a secure sandbox environment. Without signing an NDA, virtually anyone can immediately begin to code to the APIs.
Developers can unleash their creativity in the sandbox while business arrangements are finalized—helping to minimize launch time. "Our vision is to lead payments innovation to empower our clients to conquer their challenges and inspire them to achieve their goals. We opened up our environment so that developers can create, experiment and test drive features and functionality before making a buying decision," said Clay Wilkes, President and CEO of Galileo Processing. "Galileo has been a leading processor and program manager for almost twenty years and we are passionate about helping the payments industry grow and thrive. Opening our APIs is our commitment to our clients, future clients and the creative thinkers of the payments industry."
Galileo's APIs support even the newest fintech developers in creating innovative products and adding alert and authorization features that differentiate their creations—providing a more engaging user experience, embedding added security and expanding the universe of use cases.
The developer-centric design instantly creates code fragments, in popular programming languages, with a single click in for any API method or function, cutting development time. The sandbox simulates the Galileo operating environment, so developers—whether working at a startup, tech company or large bank —can code to the APIs and test their concepts at will.
"We were aware of Galileo's strong track record and were impressed with the extensive range of capabilities we were able to achieve working with their tech," said Colin Walsh, CEO of Varo Money. "In addition, the team at Galileo helped us cut our time to market utilizing their rich API suite."
Galileo can provide full stack support through its secure system to handle non-customer-focused activities, like network, bank connectivity, relationships, compliance, security, funds loading, identity checks and more, allowing clients to control and focus on their customer relationships and user experience.
One-Tap Payment Switch Gives Banks the Edge in Account Primacy
Prashant Shah, VP of product management at Galileo Financial Technologies, challenged the PYMNTS audience to remember a recent bill paying experience where updating a subscription meant having to chase down Netflix or Amazon — even the local power company — to log into each individual site to update payment details.
‘Trust me, I’m an algorithm’: How fintech is rebuilding customer confidence in the age of AI
Trust in financial services now means showing customers how AI works, ensuring it treats them fairly, and being upfront about data use.
What’s Happening With SOFI Stock?
The company’s strategic shift toward higher-margin revenue avenues through its Technology Platform (Galileo and Technisys) and Financial Services segments is attracting investor interest.
Galileo Debuts ‘Payment Switch’ for Easier Bill Pay
Galileo integrates another new solution, powered by Atomic, to help clients become the first choice for everyday spend and grow recurring revenue.
Behind SoFi's Technology Business
SoFi has built a booming business in banking, but how does the technology business work and scale?