Thredd

Thredd is a UK issuer processor for debit, prepaid, credit and virtual card programmes. It was founded in 2007 and was formerly known as Global Processing Services (GPS). The operating entity is Thredd UK Ltd., a UK company registered under number 09926803, with an office at 33 Kingsway, London.

What Thredd does

The listed services are issuer processing, network connectivity and introductions to BIN sponsors. Thredd processes card transactions for programme owners, and when a programme needs a sponsoring bank, it introduces the programme to BIN sponsors. It should not be treated as a bank or as the owner of every BIN used in the programmes it processes: the company's role is processor, not blanket sponsor.

Customers and timelines

The published target segments are fintech companies, banks and financial institutions, and businesses. The company states that implementation typically takes 4 to 8 weeks, and that the figure varies with the complexity of the integration and the customer's needs, so it is not guaranteed.

Integration

Developer resources are published under the client tools section of the company's website. Pricing, supported card networks and programme requirements are not given in the published description and should be confirmed directly with the company.