Galileo Financial Technologies has launched a new service called Galileo Payment Method Switch to make it easier to pay invoices.
Powered by Atomic, the service makes it easier to renew your payment method across a variety of merchants and service providers.
Galileo Payment Method Switch allows users to easily change their default payment options, such as debit cards, credit cards, and bank accounts.
The service is said to help you manage subscriptions, utility providers, and payments related to digital wallets such as Venmo and PayPal.
Banks, fintechs and brands can integrate Galileo Payment Method Switch into their applications, allowing customers to prioritize issued cards or accounts to recurring payments.
The integration is also compatible with Galileo’s direct deposit switch. This could help clients accelerate their service launch timeline.
Atomic’s role in partnerships includes providing the connectivity needed to update payment information across the various merchant billing systems.
Meanwhile, Galileo is in charge of a secure exchange of card and account details.
The service attempts to minimize payment errors by providing users with the ability to select the card or account to use for each invoice, updating payment details and providing a way to prevent missed payments.
Additionally, the solution allows users to set up default cards, periodically invoices and subscriptions, and exchange revenue when they use the cards.
Prashant Shah, Vice President of Product Management, Galileo, said: “Galileo Payment Method Switch allows banks, fintechs and brands to easily manage their invoice payments without leaving the apps their customers already trust.
March 2024, Galileo Expand your purchase now and offer laterbanks and fintechs will be able to offer cardholder installment options to existing debit card accounts.
“Galileo Financial Announces Payment Methods” was originally created and published Electronic Payment Internationala brand owned by GlobalData.
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