Global Processing Services rebrands as ‘Thredd’

By Gloria Methri

Global Processing Services, a next-generation global payments platform has rebranded as ‘Thredd’ to reflect its role in “weaving together the different threads of the global payments ecosystem” thereby fuelling the growth of electronic payments.

Thredd is known for its customer-centered approach to enabling payments innovators to launch new card programs easily, and cost-effectively. The firm has created a modern processor providing reliable digital payment processing capabilities, including real-time, bespoke card management tools, reporting, and fraud prevention technology.

Certified by both Visa and Mastercard and supporting debit, prepaid, and credit programs, Thredd enabled its modern payment issuer processing since 2007. Today, Thredd’s platform processes billions of transactions annually and powers over 100 customers across 44 countries and a broad range of use cases.

Thredd is the processing partner for an array of verticals, including digital banking, Buy Now Pay Later (BNPL), Travel, and Banking-as-a-Service (BaaS).

“Our rebranding to Thredd marks a new era for our company as we begin the next phase of our growth,” said Kevin Schultz, Chief Executive Officer of Thredd. “Our new brand reflects our renewed focus on enabling our clients to create a more interconnected, accessible, and seamless payments ecosystem. With our experienced team and owners, we are confident in our vision to bring our partnership approach to modern payments processing to innovators worldwide.”

Betsy Samuel, Chief Marketing Officer of Thredd, said, “Our clients, partners, and team members have told us that we are the ultimate connector, bringing the true partnership to the world of payments. This is our DNA, and we wanted a new name to reflect this special identity as well as our expanding position as a pivotal modern payments processor at the heart of the constantly evolving digital economy. We are proud to relaunch with a name which reflects our unique role and reputation as a critical ‘thread’ of the fabric in the ecosystem.”