Thredd and Vault Partner to Expand Secure Card Payments in Australia and the UK
Thredd, a global payments processor, has teamed up with Vault Payment Solutions, Australia's top secure card payments provider. The partnership will help Vault expand its card programmes across Mastercard's network, starting with Australia and the UK.
Damien Gough, Thredd's Head of Asia Pacific, called the deal an exciting step forward for both companies.
Vault selected Thredd after a detailed review of several providers. The decision came down to Thredd's strong technology, global reach, and ability to work closely with Mastercard. Michael Jess, Vault's Founder and CEO, highlighted Thredd's technical flexibility and regional knowledge as key factors in the choice.
The partnership will enable Vault to launch new prepaid, debit, and private-label card services in Australia and the UK. Thredd's platform supports virtual and physical cards, fraud protection, digital wallets, and transaction controls—all essential for Vault's growth.
By working together, the two companies aim to create advanced embedded card solutions. This deal also strengthens Thredd's reputation as the go-to processor for fast-growing payment programmes.
Vault's expansion will begin in Australia and the UK, with Thredd providing the infrastructure. The collaboration focuses on delivering secure, scalable card services through Mastercard's global network. Both firms expect the partnership to drive innovation in embedded payment technology.
