header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
CENTRAL PAYMENTS EXTENDS PROCESSING SERVICES RELATIONSHIP WITH GALILEO

Central Payments Extends Processing Services Relationship with Galileo

13 de abril de 2023

SALT LAKE CITY – (April 13, 2023) – Central Payments, architect of the award-winning Open*CP Fintech API Marketplace SM and ‘REAL’ Banking-as-a-Service (BaaS) provider, announces a long-term processing services renewal with Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI). The extended agreement ensures that programs delivered through Open*CP enjoy robust and scalable processing capabilities well into the future.

“We refer to Open*CP as an API Marketplace because we are committed to enabling choice for users among top industry providers, said Eric Cotton, Executive Vice President, General Manager at Central Payments. “Galileo was the first payments processor in the ecosystem because of our long working relationship and shared vision to the future of embedded payments and financial technology.”

Today, Open*CP powers large-scale programs with enterprise companies who have launched transformative financial products. Cotton adds: “Our contract extension ensures that Galileo will continue to be a material part of our success in powering large, embedded finance programs for a growing list of enterprise clients.”

“As a leading enabler of BaaS and embedded finance, Galileo, and companies like Central Payments, are transforming the way financial services are delivered,” said Seth McGuire, Chief Revenue Officer at Galileo. “Our API-forward approach and scalable, extensible platform enables innovative brands to build the next generation of financial products to meet customers at their point of need.”

About Galileo Financial Technologies

Galileo Financial Technologies, LLC is a financial technology company that enables fintechs, financial institutions, emerging and established brands to build differentiated financial solutions that deliver exceptional, customer-centric experiences. Through modern, open APIs, Galileo’s flexible, secure, scalable and fully integrated platform drives innovation across payments and financial services. Trusted by digital banking heavyweights, early-stage innovators and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning, tailored and differentiated financial products and more, across industries and geographies.

About Central Payments

Central Payments is Making Financial Experiences Better® by providing payments technology and issuing solutions for fintech and embedded finance businesses. The company’s Open*CP Fintech API Marketplace SM is one of the only ‘REAL’ banking-as-a-service (BaaS) payments platforms built by fintech bankers with issuing capabilities embedded. Open*CP’s vertical integration and its native-to-the-cloud technology are the drivers responsible for the rise to the fastest growing prepaid card issuer from 2015 to 2020*. The company also operates Falls Fintech, its startup fintech accelerator and produces Fintech Brews & News, a podcast devoted to helping bridge the gap between banking, startups, and the entire fintech industry. Visit central-payments.com and follow on LinkedIn for more information. * Source: The Nilson Report

11 de junho de 2024

Consumers Are Crowdsourcing Their Financial Services, While Banks Risk Losing Primary Status

Galileo Consumer Banking Report by Datos Insights uncovers the latest consumer banking behaviors and preferences

See More
14 de maio de 2024

Galileo Highlights its Comprehensive Financial Technology Platform at the Chile Fintech Forum 2024

This is Galileo's first event in Chile following the acquisition of the Argentine unicorn Technisys. As a pioneer in financial technology with 23 years in the industry, the firm offers unparalleled experience and scalability.

See More
29 de abril de 2024

Galileo Tops 150 Million Accounts in Another Strong Quarter

SoFi’s technology platform, which comprises Galileo Financial Technologies and the Technisys cloud-based core banking services platform, surpassed 150 million total enabled accounts saw continued year-over-year net revenue growth in the first quarter of 2024.

See More
16 de abril de 2024

Rapid Finance Taps SoFi and Galileo to Enable Small Business Financing

Learn about the new Rapid Access Mastercard by Rapid Finance, in collaboration with Galileo and SoFi Bank. Tailored for small businesses, this card offers flexible, instant access to funds, empowering SMBs with the financial solutions they need to thrive.

See More
19 de março de 2024

Galileo Launches BNPL Post-Purchase for Credit & Debit

The new BNPL post purchase offering helps banks and fintechs give consumers greater financial flexibility

See More