Top prepaid issuer has selected Galileo’s industry-leading payments processing platform
SALT LAKE CITY (August 8, 2018) — Galileo, one of North America’s largest and most innovative payments processors and program managers, known for supporting debit, credit, prepaid, commercial and virtual cards linked to more than 87 million accounts, today announced that Sutton Bank has chosen its industry-leading processing platform to help the bank expand its prepaid offerings.
“Galileo is proud to support Sutton Bank as it launches its new product,” said Clay Wilkes, founder and CEO of Galileo Processing. “By leveraging our platform, Sutton Bank and its clients will benefit from our flexible, innovative technology and nearly 20 years of proven experience.”
Through this partnership, Sutton Bank, one of the top issuers of prepaid cards nationwide, will expand its offering of open loop prepaid cards. Galileo’s platform can support customized open loop prepaid cards for Visa, Mastercard and Discover. Partners have the ability to setup customized parameters and fee settings to fit the needs of their customers. Cards can be created and funded in real time through Galileo’s industry-leading APIs. Through these APIs, partners can also receive real-time reporting on all open loop card transactions. Coupling Sutton’s and Galileo’s market-leading anti-fraud capabilities makes for a unique value proposition for partners and programs.
“Sutton Bank is excited to add Galileo as another processing partner to bring additional capabilities to our customers,” said Jeff Lewis, Sutton Bank’s senior vice president of payments. “Galileo’s processing platform and our deep history in prepaid issuing make for offerings that lead in speed, scale, nimbleness, anti-fraud, BSA compliance and reconciliation to round out a complete solution for our shared partners.”
About Galileo
Founded in 2000, Galileo is one of North America’s largest and most innovative payments processors and program managers, supporting 87+ million accounts. Galileo Processing applies tech and engineering capabilities to empower fintechs and financial institutions to unleash their full creativity to achieve their most inspired goals. Galileo leads its industry with superior fraud detection, security, decision-making analytics and regulatory compliance functionality combined with customized, responsive and flexible programs to accelerate the success of all payments companies and solve tomorrow’s payments challenges today.
About Sutton Bank
Founded in 1878, Sutton Bank recognizes at its core, banking has always been a business of responsibility and earning the trust of all stakeholders. Our board and staff are committed to our mission, differentiated by our values, and driven by shareholder expectations to be a viable, progressive, independent community bank through old fashioned innovation providing value to those we serve.
O Impulso da Primavera: Novo Índice de Gastos com Débito da Galileo Mostra os Gastos do 1º Trimestre e as Perspectivas para o Ano
Os consumidores americanos gastaram com cautela no débito durante janeiro e início de fevereiro, antes que as restituições de impostos antecipadas e o clima de primavera desencadeassem um aumento de gastos em março, de acordo com o Índice de Gastos com Cartão de Débito da Galileo (Galileo Debit Spend Index) inaugural.
Executivos de marcas temem perder clientes para concorrentes com ferramentas financeiras integradas em aplicativos, aponta pesquisa da Galileo
Metade dos consumidores escolheu uma marca em vez de outra porque pagar ou receber um reembolso era mais fácil
Apresentando a SoFi Tech Solutions: uma marca unificada criada para impulsionar a inovação financeira de ponta a ponta
Estamos evoluindo de Galileo para SoFi Tech Solutions para refletir todo o alcance da nossa plataforma. Oferecemos infraestrutura de ponta a ponta para fintechs, marcas e instituições financeiras, agora com o suporte da escala e dos recursos da SoFi. Nossa missão permanece a mesma: apoiar o crescimento dos nossos clientes, mantendo a neutralidade da plataforma e a proteção rigorosa dos dados.
Galileo Financial Technologies permite que a SoFi envie e receba pagamentos via FedNow Service
SoFi habilita pagos instantáneos 24/7 con FedNow®, permitiendo enviar y recibir dinero en segundos mediante la plataforma de Galileo.
Seu programa de fidelidade pode estar ignorando seus melhores clientes
Por décadas, a maioria dos programas de fidelidade foi construída em torno de cartões de crédito. Esse alinhamento fazia sentido em um momento em que o crédito rotativo era a principal forma de estruturar lealdade e recompensas. Mas o comportamento de pagamento dos consumidores mudou, e a Geração Z está tornando essa mudança ainda mais evidente.
