Galileo News

The latest news from Galileo and the payments industry

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January 19, 2018

Fraud AI White Paper

Card fraud is like death by a thousand cuts: Little by little it can drain the life from any payments card program.

Although all participants in the payments card value chain are adversely affected by card fraud, issuers—which absorb 70.7 percent of gross global fraud losses—are particularly hard hit. Not only do card fraud losses take a dollar-for-dollar tol


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December 11, 2017

Galileo Launches Fraud Artificial Intelligence

Fraud AI can further reduce Galileo's fraud loss average of one basis point, 80 percent below industry average

SALT LAKE CITY, Dec. 11, 2017 /PRNewswire/ -- Galileo, a payments processor and program manager for prepaid, debit, credit and virtual transaction processing, today announced the release of its artificial intelligence capability for fraud, called Fraud AI. Fra


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November 17, 2017

Payments Journal: Opening APIs Promotes Payments Innovation and Brings New Products to Market Faster

The follwoing article was posted to Payments Journal November 16, 2017

New entrants and new technology continue to flood the payments industry, and every day we see that the boundaries of the industry are expanded. With this evolution of tech and the rise of fintechs in particular, we realized that we had an opportunity to help transform the creativity of these big thinkers i


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October 27, 2017

Galileo Teams with HackTheU 2017 to Encourage the Next Generation of Great Developers

I couldn’t be more excited to share that Galileo is the title sponsor of this year’s HackTheU, which is on a fast pace to become one of the country’s premier collegiate hackathons.

Held this year, Oct. 27-28, at the Tower at the University of Utah’s Rice-Eccles Stadium, HackTheU is expecting more than 400 extremely qualified college students from top computer science sch


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October 18, 2017

Galileo Opens Its APIs and Sandbox to Empower Developers to Innovate

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 san


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