Galileo, a U.S.-based payments processors and program management firm, announced on Wednesday it has formed a partnership with Sutton Bank. According to Galileo, Sutton Bank has chosen the processing platform to help expand its prepaid offerings. Galileo reported that this partnership, Sutton Bank will expand its offering of open-loop prepaid cards. Galileo’s platform can support customized open-loop prepaid cards for Visa, Mastercard, and Discover.
“Partners have the ability to setup customized parameters and fee settings to fit the needs of their customers. Cards can be created and funded in real time through Galileo’s industry-leading APIs. Through these APIs, partners can also receive real-time reporting on all open loop card transactions. Coupling Sutton’s and Galileo’s market-leading anti-fraud capabilities makes for a unique value proposition for partners and programs.”
Clay Wilkes, Founder and CEO of Galileo Processing, stated that by leveraging the Galileo platform, Sutton Bank and its clients will benefit from the platform’s flexible, innovative technology and nearly 20 years of proven experience. Jeff Lewis, Sutton Bank’s Senior Vice President of Payments, added:
“Sutton Bank is excited to add Galileo as another processing partner to bring additional capabilities to our customers. Galileo’s processing platform and our deep history in prepaid issuing make for offerings that lead in speed, scale, nimbleness, anti-fraud, BSA compliance and reconciliation to round out a complete solution for our shared partners.”