Galileo Processing Unveils Cloud Computing for Payment Processing

  • Mar 08, 2011
Galileo Processing Inc., which provides financial payment processing solutions, has announced a new suite of solutions that enable payment card-issuing banks and payment card program managers to leverage the power of cloud computing while ensuring they meet required levels of security, performance, availability and regulatory compliance.

With Galileo Cloud Processing, each client has a dedicated virtual environment that is not shared with any other client. Importantly, this means that clients can preserve their intellectual property and program innovations while not being affected by changes to other clients' environments. Clients now have control over the timing of when new features and functionality are released into their environment. Leveraging Galileo's extensive library of APIs, clients can develop their own applications and unique functionality in support of their card programs. Using Galileo Analytics, clients are able to generate detailed reporting and view their virtual environment's capacity and usage.

"Although limited cloud computing concepts have been claimed by a few startups 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," said 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," said 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."


Featured

  • Security Industry Association Announces the 2026 Security Megatrends

    The Security Industry Association (SIA) has identified and forecasted the 2026 Security Megatrends, which form the basis of SIA’s signature annual Security Megatrends report defining the top 10 factors influencing both near- and long-term change in the global security industry. Read Now

  • The Future of Access Control: Cloud-Based Solutions for Safer Workplaces

    Access controls have revolutionized the way we protect our people, assets and operations. Gone are the days of cumbersome keychains and the security liabilities they introduced, but it’s a mistake to think that their evolution has reached its peak. Read Now

  • A Look at AI

    Large language models (LLMs) have taken the world by storm. Within months of OpenAI launching its AI chatbot, ChatGPT, it amassed more than 100 million users, making it the fastest-growing consumer application in history. Read Now

  • First, Do No Harm: Responsibly Applying Artificial Intelligence

    It was 2022 when early LLMs (Large Language Models) brought the term “AI” into mainstream public consciousness and since then, we’ve seen security corporations and integrators attempt to develop their solutions and sales pitches around the biggest tech boom of the 21st century. However, not all “artificial intelligence” is equally suitable for security applications, and it’s essential for end users to remain vigilant in understanding how their solutions are utilizing AI. Read Now

  • Improve Incident Response With Intelligent Cloud Video Surveillance

    Video surveillance is a vital part of business security, helping institutions protect against everyday threats for increased employee, customer, and student safety. However, many outdated surveillance solutions lack the ability to offer immediate insights into critical incidents. This slows down investigations and limits how effectively teams can respond to situations, creating greater risks for the organization. Read Now

Most   Popular

New Products

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.