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Galileo Update: Galileo Instant Experiences Rapid Instant Growth Six Months Since Launch
Galileo, the API standard for card issuing and digital banking, and a subsidiary of Social Finance, Inc. (SoFi) announced on Wednesday there has been significant growth and increased demand for its new product, Galileo Instant, in its first six months on the market.
Galileo reported that since its full launch in June 2020, more than 1,500 businesses have signed up to access the solution, which allows businesses to launch debit card programs with significantly lower barriers to entry compared to traditional payment methods, such as paper checks and ACH payments. Additionally, cardholder spend has increased nearly 14x in the six months since launch. The company further revealed those using Galileo Instant include companies include Purple Financial, a neobank aimed at ensuring financial inclusion and independence for people with disabilities; Ivella, a company creating banking products s
what if you call 911 and nobody responds some 57 million people at risk of losing vital emergency medical services our dr. john torres on what s causing this critical shortage reporter: 49-year-old jared was playing softball three years ago when suddenly he went into cardiac arrest if there had been no ambulance there and the people hadn t acted the way they did, i probably wouldn t be here. reporter: but now in his small town and others like it across the u.s., a shortage of volunteer emts is putting these services on the verge of collapse how dire of a situation is it here extremely and that s putting it mildly. reporter: in rural marmarth, north dakota, no one remembers the last time the town had a doctor the ambulance is the community safety net we re literally one person away from closing if we lose one