A processor relationship is a lot like a marriage—easy to get into; hard to get out of. During the courtship stage, not everything may be as it appears. So, it’s important to ask the hard questions upfront to ensure that you and your intended’s expectations align and you won’t be let down as the glow
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-fordollar toll on bottom line profitability, card fraud blights the customer experience—undermining consumers’ trust and collectively costing issuers millions annually
Varo Money, launched in 2017, is out to change the world of banking with its mobile banking app and fee-free financial services. The concept is attracting customers—mostly, but not exclusively millennials—from every part of the U.S. And, Varo has its eye set on serving millions as it looks towards expanding its reach beyond U.S. borders.
From Our Blog
Galileo’s CEO and AI Author Pedro Domingos to Present on the Risk of Weaponized AI to Financial Institutions at Money20/20
On Monday, October 22, Clay Wilkes and AI expert Pedro Domingos will share the stage to educate about the opportunities and impending threats that AI brings to financial services SALT LAKE CITY (October 17, 2018) — Galileo Processing, Inc. (“Galileo”), the company behind the tech that powers dynamic financial services delivered by North America’s boldest
With all the focus on financial technology, why are commercial payments stuck in the Dark Ages—with U.S. businesses paying out nearly $150 trillion annually using ACH transfers and paper checks? The fact is, a significant part of those ACH and commercial check payments can be quickly and easily transformed to create opportunities for businesses to
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