Galileo pontificates cloud payments for banks

Credit cards

Safety in numbers?: Cloud payment plans from Galileo

Cloud processing for regional and smaller banks and financial firms

ECM Plus – Galileo Processing has just taken the wraps off its new suite of solutions that enable payment card issuing banks and payment card programme managers to use cloud computing while ensuring levels of security, availability and regulatory compliance.

According to Galileo, their cloud processing offers clients a dedicated virtual environment where clients can preserve intellectual property. Users can develop their own app and functionality to support their card programmes.

“Although limited cloud computing concepts have been claimed by a few start-ups in the financial services space they have typically been lacking in areas of importance to banks and prepaid program managers, such as processing scale, platform capability, security, availability and ease of integration” commented Matt Bentley, chief architect for Galileo. “Galileo has the deep technical experience and best-of-breed technology infrastructure to help their clients maximize and exceed their goals in launching new card programs.”

“Galileo’s Cloud Computing environment is especially useful for national and regional banks that are looking for a quick implementation but desire a full range of prepaid products such as consumer reloadable, travel, payroll and gift” added Clay Wilkes, Chief Executive Officer for Galileo. “The combination of a powerful technical environment with unrivaled breadth of prepaid card portfolio experience and a world class service delivery organization is why Galileo will continue to be the processor of choice for issuers and program managers.”

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Filed under Analytics & Metrics, Billing & Customer Care Systems (BCCS), Cloud Computing, Compliance, Customer Relations Management (CRM), Data Governance, Data privacy, Data protection, Information Governance, Information Management, Information security, Intellectual Property (IP), Trusted Cloud, Vendor News

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