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.”
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.