Galileo Processing Unveils Cloud Computing for Payment Processing -- Security Today

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

AI Used as Part of Sophisticated Espionage Campaign

A cybersecurity inflection point has been reached in which AI models has become genuinely useful in cybersecurity operation. But to no surprise, they can used for both good works and ill will. Systemic evaluations show cyber capabilities double in six months, and they have been tracking real-world cyberattacks showing how malicious actors were using AI capabilities. These capabilities were predicted and are expected to evolve, but what stood out for researchers was how quickly they have done so, at scale. Read Now
- Artificial Intelligence
Why the Future of Video Security Is Happening Outside the Cloud

For years, the cloud has captivated the physical security industry. And for good reasons. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. Read Now
- Video Surveillance
UL Solutions Launches Artificial Intelligence Safety Certification Services

UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now
- Artificial Intelligence
ESA Announces Initiative to Introduce the SECURE Act in State Legislatures

The Electronic Security Association (ESA), the national voice for the electronic security and life safety industry, has announced plans to introduce the SECURE Act in state legislatures across the country beginning in 2025. The proposal, known as Safeguarding Election Candidates Using Reasonable Expenditures, provides a clear framework that allows candidates and elected officials to use campaign funds for professional security services. Read Now
- Guard Services
Ransomware Attacks Rise for the First Time in Six Months

Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now
- Cybersecurity

Security Today eNews

Sign up today for essential industry news and product information that can help you stay afloat in the fast-paced world of security.

Email Address*Country*

Please type the letters/numbers you see above.

Webinars

Whitepapers

New Products

QCS7230 System-on-Chip (SoC)

The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.
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.
Connect ONE®

Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.