Launching a successful card program involves a strategic approach to selecting the right partners, and this podcast series provides valuable insights into ensuring a fruitful collaboration. Here are key takeaways to help ensure you work with the right partners for a card program launch:

1. Long-Term Vision and Commitment:

   • Approach partner selection with a long-term mindset, akin to a marriage. Contracts often span three to five years, making it crucial to choose partners who align with your organization's future goals.
   • Vet potential partners for cultural fit, product breadth, and cost considerations. This diligence upfront can prevent challenges down the road and contribute to a successful, enduring partnership.

2. Experience and Understanding:

   • Prioritize partners with experience in the specific use case relevant to your card program. Understanding your partner's experience upfront ensures they can support your needs from technical and compliance perspectives.
   • Collaborate with banks and processors that are willing to work closely with you, comprehending your unique requirements and offering ongoing support. Avoid surprises by thoroughly vetting potential partners before committing to a collaboration.

3. Efficiency and Speed to Market:

   • Leverage partners with existing integrations and relationships in the industry. This can significantly accelerate your program's speed to market, providing a plug-and-play solution with reduced integration times.
   • Consider working with established technology and processing platforms, like Galileo, that have pre-existing relationships with numerous banks. This can streamline the launch process and minimize the time required for integration.

4. Holistic Planning and Education:

   • Take a holistic approach to partner selection by considering the entire ecosystem involved in your card program, including banks, emboss and fulfillment vendors, processors, and other third parties.
   • Engage in a collaborative selection process with potential partners, ensuring alignment between your goals and their capabilities. Use education and support from experienced partners, like Galileo, to enhance your understanding of the industry and program requirements.

5. Clear Technical Requirements and Communication:

   • Clearly define technical requirements upfront to avoid complications during the launch phase. Collaborate with partners who can support your specific technical, compliance, and operational needs.
   • Communicate openly and transparently with potential partners, ensuring a shared understanding of program expectations, responsibilities, and potential challenges.

Learn more at https://www.galileo-ft.com/lp/the-path-to-card-launching-with-galileo-and-tearsheet-studios/