Galileo News

The latest news from Galileo and the payments industry

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March 7, 2018

Bankless Times: Galileo Processing taking the direct approach to fraud prevention

Galileo’s Dynamic Fraud Engine and Fraud AI achieve card fraud losses as low as one percent

Galileo’s founder and CEO, Clay Wilkes, recently chatted with Bankless Times to share how its Dynamic Fraud Engine and Fraud AI are achieving unprecedented success in combatting card fraud. With an industry average of five to ten basis points of card fraud loss for card issue

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February 21, 2018

Galileo Processing Shares Top Strategies to Combat Card Fraud

CEO Clay Wilkes discusses fraud detection and prevention tools to cut fraud losses

The payments ecosystem is heavily impacted by the $22.8 billion in card fraud losses happening worldwide. Card issuers and fintechs alike struggle to protect themselves, their portfolios and their customers against card fraud, resulting in massive revenue loss. Payments companies need to

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February 21, 2018

Futurist and Moven CEO Brett King Discusses the Future of Artificial Intelligence

King shares insights about how AI is disrupting the financial services industry

As a futurist, best-selling author and startup founder, Brett King focuses on how technology is disrupting business, changing behavior and revolutionizing the payments ecosystem. Brett King sits down with Fintech Finance to share his insights about the long-term applications of AI, how AI i

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January 31, 2018

Using better data to fight credit card fraud

Galileo Processing uses artificial intelligence to more accurately identify fraudulent credit card transactions. It's an example of how AI can be a powerful security technology.

Article from CSO

I recently spoke with a long-time acquaintance who had owned several small businesses. He made a good living selling electronic products like computers and printers to c

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January 19, 2018

Fraud AI White Paper

Card fraud is like death by a thousand cuts: Little by little it can drain the life from any payments card program.

Although all participants in the payments card value chain are adversely affected by card fraud, issuers—which absorb 70.7 percent of gross global fraud losses—are particularly hard hit. Not only do card fraud losses take a dollar-for-dollar toll on bot

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