February 2, 2010(Salt Lake City, UT)
Galileo Processing Partners with EPS Financial and Drake Software to Streamline Tax Refund Payments for Consumers, Tax Preparers
Galileo Processing, Inc., the leading provider of next-generation financial payment processing solutions, today announced that it has partnered with EPS Financial to provide Drake Software customers a unique tax refund processing infrastructure and prepaid card platform.
Through the new collaborative offering, tax preparers using Drake Software and their customers will have access to the all-new E1 Visa Prepaid Card, on which consumers can receive their tax refund proceeds. The E1 Visa Prepaid Card is a convenient way to receive tax related refund proceeds, as the cards can be used immediately upon funding anywhere Visa is accepted. The E1 Visa Prepaid Card is also a convenient alternative to checks.
Tax preparers using Drake tax software now have access to EPS Financial’s new e-Collect program, a unique offering that allows taxpayers to take advantage of electronic filing and direct deposit while having various disbursement options for their refund proceeds: direct deposited into their own bank account, via check printed by the tax preparer or loaded onto the E1 Visa Prepaid Card. Additionally, taxpayers can choose to have their tax preparation fees withheld from their refund proceeds and paid directly to the tax preparer.
“At Galileo, we pride ourselves on the ability to provide the most robust payment processing solutions to clients across myriad industries. We are pleased to expand our footprint in the tax industry through this innovative partnership with EPS Financial and Drake Software,” said Todd Brockman, President of Galileo.
Consumers who elect to receive their tax refund on the E1 Visa Prepaid Card will receive their card at the time of tax preparation and then receive a text or email alert letting them know that the funds have been loaded to the card, relieving the need for a return trip to the tax preparer’s office to pick up a check. Customers activate their cards online or by calling a toll free number and, at that time, can sign up for alerts and request a personalized card.
“We are pleased to have partnered with Galileo to develop a unique infrastructure that combines refund processing, prepaid cards, checks, direct deposits, fee disbursement and other planned program features onto one processing platform. System flexibility and scalability will be keys to the EPS process in the future, and Galileo provides that,” said Clark Gill, President of EPS Financial, LLC.
Galileo will be the processor for the E1 Visa Prepaid Card transactions, e-Collect tax preparer payments and the direct-deposit and check print payment options already offered through EPS Financial and its partners such as Drake Software tax programs. Galileo will also provide customer service support for the E1 Visa Prepaid Card and e-Collect offerings.
Galileo was founded on the idea of continuously innovating to provide reliable, secure and feature-rich payment processing services and has been in operation for more than ten years. Today, Galileo is the recognized leader in advanced payment processing solutions, supporting more than 700 programs.
About Galileo Processing, Inc.
Galileo Processing, Inc. is a privately held, next-generation financial payment processing company based in Salt Lake City, Utah. Its expertise, service and platform make Galileo the industry leader for advanced prepaid, debit and hybrid credit applications. Galileo offers its clients advanced payment processing technologies, a state-of-the-art client and customer call center, business intelligence and analytics and program management services. For more information, visit www.galileoprocessing.com
About EPS Financial, LLC.
EPS Financial, LLC provides refund processing solutions to the tax industry as well as prepaid card program management services. Founded in 2009, EPS has quickly established itself as a leading edge service provider for the tax industry. The EPS system architecture combines a number of services and customer options onto one platform which provides a one stop fully integrated system solution unique to the industry. For more information, please visit www.epsfinancial.net.
About Drake Software
For over 33 years, Drake Software has provided tax preparers the tools they need to build their business and attract new clients. Today, over 30,000 customers use Drake Software. Drake delivered over 15 million federal and state accepted returns last year. The company continues to meet its goals of customer satisfaction and product improvement by encouraging open customer feedback, listening closely to evaluations from industry authorities, and backing the product with a knowledgeable and innovative programming and support team. For more information, visit DrakeSoftware.com or call 800.890.9500.