September 29, 2023


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Central Payments Extends Processing Services Relationship with Galileo Economic Systems

Extended-phrase Contract Extension Makes sure Payments Abilities for Embedded Finance and Fintechs

SALT LAKE City, April 13, 2023–(Company WIRE)–Central Payments, architect of the award-successful Open up*CP Fintech API MarketplaceSM and ‘REAL’ Banking-as-a-Company (BaaS) service provider, announces a very long-term processing services renewal with Galileo Fiscal Technologies, LLC, a top financial technological innovation enterprise owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI). The prolonged arrangement guarantees that packages delivered by Open up*CP delight in robust and scalable processing capabilities effectively into the long term.

“We refer to Open up*CP as an API Marketplace due to the fact we are committed to enabling decision for consumers between prime field suppliers,” stated Eric Cotton, Government Vice President, Common Supervisor at Central Payments. “Galileo was the 1st payments processor in the ecosystem simply because of our extensive performing partnership and shared vision to the long run of embedded payments and economical technologies.”

Right now, Open up*CP powers substantial-scale plans with organization corporations who have released transformative fiscal goods. Cotton provides: “Our agreement extension assures that Galileo will proceed to be a material part of our achievements in powering huge, embedded finance packages for a increasing record of enterprise purchasers.”

“As a foremost enabler of BaaS and embedded finance, Galileo, and corporations like Central Payments, are reworking the way financial services are delivered,” said Seth McGuire, Chief Income Officer at Galileo. “Our API-forward technique and scalable, extensible platform allows innovative brand names to build the following generation of money goods to meet up with prospects at their issue of will need.”

About Galileo Money Technologies

Galileo Monetary Technologies, LLC is a financial technological know-how corporation that enables fintechs, monetary institutions, rising and recognized models to make differentiated fiscal answers that deliver excellent, shopper-centric activities. By way of modern day, open APIs, Galileo’s adaptable, secure, scalable and fully integrated system drives innovation throughout payments and financial products and services. Reliable by digital banking heavyweights, early-phase innovators and business clientele alike, Galileo supports issuing physical and virtual payment cards, cellular press provisioning, personalized and differentiated economic products and far more, throughout industries and geographies.

About Central Payments

Central Payments is Creating Money Experiences Better® by furnishing payments technological know-how and issuing remedies for fintech and embedded finance companies. The company’s Open up*CP Fintech API MarketSM is one of the only ‘REAL’ banking-as-a-service (BaaS) payments platforms created by fintech bankers with issuing capabilities embedded. Open*CP’s vertical integration and its indigenous-to-the-cloud technological know-how are the motorists dependable for the rise to the fastest escalating pay as you go card issuer from 2015 to 2020*. The firm also operates Falls Fintech, its startup fintech accelerator and makes Fintech Brews & News, a podcast devoted to encouraging bridge the hole amongst banking, startups, and the full fintech field. Check out and abide by on LinkedIn for additional data.

* Supply: The Nilson Report

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Melissa Otten, 605-354-5451, [email protected]
Alissa Clayton, 647-390-9085, [email protected]