Vault and Thredd Team Up to Launch Next-Gen Card Solutions in Australia and UK

Vault Payment Solutions has partnered with Thredd to expand its card offerings across Australia and the UK. This collaboration enables Vault to launch new prepaid, debit, and private-label card services on Mastercard's global network. Both companies view this deal as a step towards delivering advanced embedded card solutions.

Vault chose Thredd following a thorough evaluation of potential partners. The decision was influenced by Thredd's proven track record in managing complex, multi-region rollouts and its close collaboration with Mastercard. Thredd's full-stack issuing and processing tools, covering virtual and physical cards, tokenisation, fraud checks, and digital wallet links, were also crucial.

Michael Jess, Vault's Founder and CEO, commended Thredd's technology, regional knowledge, and teamwork. He described the partnership as a boost for Vault's growth plans. Damien Gough, Thredd's Head of Asia Pacific, shared the enthusiasm, calling the collaboration an exciting opportunity.

This agreement bolsters Thredd's reputation as a go-to processor for fast-growing programme managers and supports Vault's goal of creating next-generation embedded card experiences worldwide.

The partnership will help Vault introduce new card programmes in Australia and the UK. Thredd's infrastructure and expertise will facilitate the launch of prepaid, debit, and private-label cards. Both firms now focus on delivering seamless, scalable payment solutions across these markets.