Vault Payment Solutions taps Thredd to drive expansion

Vault Payment Solutions has chosen Thredd to underpin caller paper programmes connected Mastercard’s planetary network.

The Australian payments steadfast plans to rotation retired caller prepaid, debit and private-label paper products successful its location marketplace and successful the UK, with Thredd arsenic the issuer processing partner.

Vault has precocious obtained Mastercard Principal Issuing Partner status.

It supplies infrastructure for rewards schemes, acquisition cards, embedded concern propositions and closed-loop private-label arrangements.

Under the caller arrangement, Vault volition usage Thredd’s afloat issuing and processing stack to run a varied premix of paper products, including virtual and carnal cards.

The services volition besides screen tokenisation, fraud monitoring, 3-D Secure, integer wallet connectivity and transaction controls.

Vault said it chose Thredd aft moving a enactment process involving respective planetary processors.

According to the companies, the determination was influenced by a operation of Thredd’s method capabilities, planetary enactment model, flexibility, section cognition successful Australia and the UK, and its enactment alongside Mastercard.

Vault laminitis and CEO Michael Jess said: “Connecting straight to Mastercard and selecting an issuer processing spouse was a pivotal determination for us.”

Thredd caput of Asia Pacific Damien Gough said: “Vault is precisely the benignant of forward-thinking spouse we emotion to collaborate with.

“Their enactment successful programme absorption and embedded payments, combined with their increasing planetary footprint, aligns perfectly with Thredd’s ngo to alteration the astir innovative paper propositions successful the market.”

This follows Thredd’s announcement successful November that it would enactment the planetary rollout of Visa Cloud Connect, arsenic portion of its concern successful cloud-first infrastructure.

Under that initiative, Thredd plans to link to 3 Visa Cloud Connect endpoints worldwide, with a committedness to implicit planetary implementation.

"Vault Payment Solutions taps Thredd to thrust expansion" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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