Global payments processor Thredd has agreed to enable the Visa Cloud Connect rollout on global scale, marking a step in its ongoing investment in cloud-first infrastructure.
Visa Cloud Connect enables organisations to access Visa’s global payments network, VisaNet, via their own cloud-based infrastructure.
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The platform is intended for clients operating in cloud environments and is designed to offer flexibility, quicker deployment, and scalability across international markets.
The agreement will see Thredd link to three Visa Cloud Connect endpoints worldwide, with a commitment to complete worldwide implementation.
This approach is expected to remove the requirement for several regional integrations, allowing clients to expand into additional markets and expediting Thredd’s aim of providing a unified worldwide processing platform.
Thredd said that this development builds on its established relationship with Visa and highlights a shared interest in progressing cloud-based infrastructure in payment.
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By GlobalDataThredd Propositions and Partnerships head Jonathan Vaux said: “Signing this agreement is about future-proofing payments infrastructure.
“By committing to Visa Cloud Connect globally, 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.”
Separately, Thredd has completed the migration of BigPay’s virtual and physical card portfolio from its earlier legacy processor to its next-generation platform.
The migration was performed via a structured process, with careful planning and open communication among all those involved, ensuring continuity for cardholders, stated Thredd.
According to Thredd, the migration of BigPay reflects a wider trend in the sector, where the providers of financial services are transferring their customer portfolios to advanced platforms to secure and maximise their investments, rather than risk losing them to adaptable competitors.
BigPay Group CEO Aireen Omar said: “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.”
