SALT LAKE CITY, October 11, 2022 – Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. NASDAQ: SOFI), today announced that it has become Visa Ready certified as an issuer processor for its PCaaSA (Payment Cards as a Service API) technology for card issuing. By collaborating with Visa, a world leader in digital payments, Galileo can further its partnerships with innovative payments players in the evolving payments landscape.
Galileo’s issuer processor platform offers an easy way to create sophisticated payment card programs and digital banking solutions. Receiving the Visa Ready certification demonstrates Galileo’s recognition in the transformative power of fintech. Through Galileo’s flexible APIs, clients can create a custom, multi-product solution including card issuing, payments, checking, savings, deposits, digital banking, lending and future products.
“Galileo continues to expand the financial frontier by creating frictionless, digital-first experiences,” said Seth McGuire, Chief Revenue Officer at Galileo. “By becoming Visa Ready certified, we are solidifying our current and prospective clients’ trust in choosing our next-gen digital and core banking platform.”
The Visa Ready certification program provides technology companies like Galileo with opportunities to expand their suite of payment solutions that meet Visa's global standards around security and functionality. With this certification, Galileo is able to accelerate its payment processing platform to provide an exceptional customer experience across digital banking, payment processing and card issuing.
For more information about Galileo’s powerful APIs that are reinventing B2C and B2B financial services, visit www.galileo-ft.com.
##
About Galileo Financial Technologies
Galileo is a leading financial technology company whose platform, open API technology and proven expertise enable fintechs, emerging and established brands to create differentiated financial solutions that expand the financial frontier. Galileo removes the complexity from payments and financial services innovation by providing flexible, open API building blocks and a secure, scalable, future-proof platform. Trusted by digital banking heavyweights, early-stage innovators and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning and more, across industries and geographies. Headquartered in Salt Lake City, Galileo has offices in Mexico City, New York City, San Francisco and Seattle.
MEDIA CONTACT: Alissa Clayton The Fletcher Group 647.390.9085 alissa@fletchergroupllc.com
Product Uptake and Interest from FIs Powers Strong Q3
SoFi’s technology platform, which comprises Galileo Financial Technologies and the Technisys cloud-based core banking services platform, saw net revenue and total enabled accounts maintain growth during the third quarter of 2023.
Galileo Payment Risk Platform Now Available to the Entire Financial Services Ecosystem
Companies outside of Galileo’s ecosystem can now leverage the proactive risk-scoring fraud engine and reduce payment and payment-related fraud.
Introducing Corporate Credit for B2B Expense Management
Galileo Corporate Credit solution consolidates credit limits to deliver better spend visibility, and remove accounting complexities.
Galileo First to Attain Multi-market Mastercard Certification in Latin America
Galileo announces Mastercard certification in five new Latin American countries, further solidifying commitment to accelerate digital transformation across region.
Galileo Expands Buy Now, Pay Later Offering to Help Lenders Reach SMBs
Banks and fintechs working with Galileo can now provide responsible, intelligent installment financing options for SMBs seeking more flexibility for big purchases.
