Galileo Processing has forayed into virtual card market with the launch of its new Galileo Virtual Commercial Card solution.

The solution will help with fraud detection, API implementation, software integration and to receive real-time notifications.

Moreover, the Virtual Commercial Card solution supports e-commerce, in-store payments, accounts payable and expense management.

It’s available to all types of businesses across multiple industries such as in-store financing, online lending, insurance, healthcare and travel.

The power of tokenisation

Galileo CEO Clay Wilkes said: “Galileo’s virtual cards are beneficial for many payment environments where using plastic cards is time-consuming and inconvenient.

“Our virtual cards streamline payments operations, help reduce errors and fraud and generate new revenue through interchange on every transaction.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

The Galileo Virtual Commercial Card is a randomly generated single-use token for only one transaction in a specific amount. The virtual card payment process runs via a card network.

The solution is issued on the company’s credit, debit or prepaid platform. Furthermore, the virtual card will improve security and reconciliation and reduce costs and time associated with cheques.

In addition, the card avoids the setup and information-sharing commonly needed for ACH payments.

Virtual cards market is growing at a rate of more than 20% each year, with $132bn spent on these cards last year. The use of virtual cards is expanding across rewards, marketing, events, payroll and international travel, among others.