Vault Payment Solutions taps Thredd to drive expansion

Vault Payment Solutions has chosen Thredd to underpin new card programmes on Mastercard’s global network. The Australian payments firm plans to roll out new prepaid, debit and private-label card products in its home market and in the UK, with Thredd as the issuer processing partner. Vault has recently obtained Mastercard Principal Issuing Partner status. It supplies infrastructure for rewards schemes, gift cards, embedded finance propositions and closed-loop private-label arrangements. Under the new a ...