Galileo’s Issuer Processor Platform Receives Visa Ready Certification

Rhea-AI Summary

Galileo Financial Technologies, part of SoFi Technologies (NASDAQ: SOFI), has achieved Visa Ready certification as an issuer processor for its PCaaSA technology, enhancing its capabilities in card issuing and payment processing.

The certification boosts Galileo's standing in fintech, allowing for collaboration with diverse payment stakeholders. This certification equips clients to develop custom payment programs, digital banking solutions, and more, fostering improved customer experiences. The Visa partnership signifies a commitment to high security and functionality in payment solutions.

Positive

• Achieved Visa Ready certification, enhancing credibility.
• Strengthens partnerships with innovative payment players.
• Expands capabilities in card issuing and payment processing.

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• None.

SALT LAKE CITY--(BUSINESS WIRE)-- Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced that it has become Visa Ready certified as an issuer processor for its PCaaSA (Payment Cards as a Service API) technology for card issuing. By collaborating with Visa, a world leader in digital payments, Galileo can further its partnerships with innovative payments players in the evolving payments landscape.

Galileo’s issuer processor platform offers an easy way to create sophisticated payment card programs and digital banking solutions. Receiving the Visa Ready certification demonstrates Galileo’s recognition in the transformative power of fintech. Through Galileo’s flexible APIs, clients can create a custom, multi-product solution including card issuing, payments, checking, savings, deposits, digital banking, lending and future products.

“Galileo continues to expand the financial frontier by creating frictionless, digital-first experiences,” said Seth McGuire, Chief Revenue Officer at Galileo. “By becoming Visa Ready certified, we are solidifying our current and prospective clients’ trust in choosing our next-gen digital and core banking platform.”

The Visa Ready certification program provides technology companies like Galileo with opportunities to expand their suite of payment solutions that meet Visa's global standards around security and functionality. With this certification, Galileo is able to accelerate its payment processing platform to provide an exceptional customer experience across digital banking, payment processing and card issuing.

For more information about Galileo’s powerful APIs that are reinventing B2C and B2B financial services, visit www.galileo-ft.com.

About Galileo Financial Technologies

Galileo is a leading financial technology company whose platform, open API technology and proven expertise enable fintechs, emerging and established brands to create differentiated financial solutions that expand the financial frontier. Galileo removes the complexity from payments and financial services innovation by providing flexible, open API building blocks and a secure, scalable, future-proof platform. Trusted by digital banking heavyweights, early-stage innovators and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning and more, across industries and geographies. Headquartered in Salt Lake City, Galileo has offices in Mexico City, New York City, San Francisco and Seattle.

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MEDIA CONTACT:

Alissa Clayton

The Fletcher Group

647.390.9085

alissa@fletchergroupllc.com

Source: Galileo Financial Technologies

FAQ

What does the Visa Ready certification mean for SoFi's Galileo?

The Visa Ready certification means Galileo is recognized as a capable issuer processor for its payment technology, enhancing its partnerships and service offerings.

How does Visa Ready certification impact SoFi's Galileo's business development?

The certification helps Galileo solidify trust with clients, enabling it to offer customized payment card programs and digital banking solutions.

What technologies does SoFi's Galileo focus on after receiving Visa Ready certification?

After receiving Visa Ready certification, Galileo focuses on payment card issuing, digital banking solutions, and developing flexible APIs.

When did Galileo Financial Technologies achieve Visa Ready certification?

Galileo Financial Technologies announced its Visa Ready certification in October 2022.