The modernization of payments infrastructure is rapidly accelerating. Thredd, a global payments processor, has entered into an agreement to roll out Visa Cloud Connect on a global scale. This move promises faster, more resilient access to Visa’s vast network, VisaNet, marking a significant leap towards cloud-first infrastructure and potentially revolutionizing how businesses approach international payments.
Visa Cloud Connect allows organizations to connect to VisaNet through their own cloud setups, bypassing the complexities of traditional infrastructure. Thredd‘s adoption of this technology highlights the growing industry trend towards scalability and flexibility in the digital payments era.
Thredd‘s commitment to Visa Cloud Connect is substantial. The company plans to connect to three Visa Cloud Connect endpoints worldwide and complete global implementation. This strategy aims to eliminate the need for multiple regional integrations, thereby streamlining expansion for Thredd’s clients.
The anticipated outcome is a unified, worldwide processing platform that can significantly reduce the time-to-market for new programs and geographic expansions. Thredd states that this development builds upon their established relationship with Visa, underscoring a shared interest in advancing cloud-based infrastructure in payment processing.
Jonathan Vaux, Head of Propositions and Partnerships at Thredd, views the agreement as a strategic step towards future-proofing payments infrastructure.
“Signing this agreement is about future-proofing payments infrastructure. We’re helping our clients gain faster, more resilient access to Visa’s network, while advancing our strategy to deliver a single, cloud-first global platform. Whether launching new programmes or scaling across markets, we strive to provide our clients with speed, reliability, and simplified expansion.”
Thredd recently completed the migration of BigPay’s virtual and physical card portfolio from a legacy processor to its next-generation platform. This migration, executed with careful planning and communication, highlights a broader trend in the financial services sector.
Companies are increasingly migrating their customer portfolios to advanced platforms to secure their investments and stay ahead of adaptable competitors. Aireen Omar, CEO of BigPay Group, emphasized the importance of partnering with a provider who understands their priorities and has a proven track record. “As our customers’ needs continue to grow, it is important to work with a partner who understands our priorities and has a strong track record. Thredd was well-positioned to support that.”
The agreement between Thredd and Visa signals a significant shift in the payments landscape. By embracing cloud-based infrastructure, Thredd is positioning itself to offer clients faster deployment, greater scalability, and a more streamlined path to international expansion. This move could set a new standard for global payments processing, potentially requiring other players to adapt. For those seeking deeper industry intelligence, GlobalData offers strategic intelligence reports.
