Thredd
Thredd is a London-based technology provider that processes payments for card issuers. Banks, fintechs and travel money businesses use the platform to operate debit, credit, prepaid and virtual card programs. Thredd handles the authorization of card payments and connects the card program with payment networks and supporting services.
Thredd supplies the processing infrastructure behind an issuer's own card offering. Issuers use the platform to manage transactions and apply fraud controls, including AI-based tools, as part of their customer service. Thredd also supports cards backed by stablecoin balances, with conversion to conventional money when a card payment is made.
Card issuing infrastructure
Thredd provides issuer processing for debit, credit, prepaid and virtual card programs. Thredd was founded in 2007, has more than 130 clients in over 50 countries and teams in London, Newcastle, Singapore, Sydney and the US. Thredd uses AI in its fraud and risk management services.
Card programs in the UK and Europe
For the UK and Europe, Thredd runs on an EU/UK landing zone at AWS, is certified with Visa, Mastercard and Discover and works with a network of licensed partners for clients without their own license. Thredd reports coverage of 47 countries and over a billion transactions a year; case studies include Allica Bank, Caxton, Currensea, Fidoo and the small business account Holvi (Thredd). Banking as a service in Germany covers the license side of such programs.
For banking-as-a-service providers, the platform separates each client's card programs, with independent spending limits and monitoring rules. Banks can also use Thredd for a new card product alongside an existing processor. The European product offering includes debit, prepaid and credit programs on the same platform.
Cards that spend stablecoins
A Thredd card can draw on a stablecoin balance: the cardholder holds the stablecoin, and it is converted to fiat at the moment of payment. Thredd is a member of Mastercard's Crypto Partner Programme and works with Visa and Mastercard on real-time stablecoin settlement (Thredd). Stablecoin cards covers these products in Europe.
Upcoming payments events in Europe
Payments & Digital Money
What is an issuer processor?
The company that approves or declines each card payment on behalf of the card issuer, keeps the card ledger and connects the issuer to Visa or Mastercard. Thredd does this for fintechs and banks that issue their own cards.
Where is Thredd based?
Thredd is based in London, with further teams in Newcastle, Singapore, Sydney and the US.
Other payment companies
Thredd and Finance Loop
Finance Loop covers card issuing, stablecoin cards and AI against card fraud in its Payments & Digital Money track. Fintechs, banks and payment providers meet at Finance Loop events in Frankfurt and other German cities.
Finance Loop is a professional network supporting the institutional use of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.