Thredd, formerly Worldwide Processing Services, helps digital banks, integrated finance providers, and fintechs construct a more seamless payments environment with cutting-edge fraud prevention solutions and a customer-focused approach.
The worldwide payments platform worldwide Processing Services, which powers digital banks, integrated finance providers, and fintechs, has changed its name to “Thredd.” This is done to acknowledge the company’s crucial part in tying the many “threads” of the global payments ecosystem together.
This rebranding signifies a new era of customer partnership and product innovation. The goal is to achieve the vision of innovative payments pioneers. The leadership team responsible for this consists of industry experts. Moreover, future-focused investors are backing this initiative.
Thredd is well-known for its customer-centered approach. Its goal is to assist payment innovators in developing new card programs quickly, easily, and cost-effectively. Thredd has established itself as an interactive and modern processor that provides reliable digital payment processing services. These services include real-time, customized card management tools, reporting, and state-of-the-art fraud prevention technologies.
“As we go into the following stage of our expansion, our company’s renaming to Thredd ushers in a new era. In order to increase the capabilities of our platform and strengthen our dedication to meeting the demands of the most cutting-edge fintechs and banks in the world, we have spent the last six months strengthening our management team with industry experts, according to Kevin Schultz, CEO of Thredd.
“Our new brand represents our redoubled efforts to help our clients build a more integrated, reachable, and frictionless payments ecosystem. We’re confident in our plan to share our partnership method to processing digital payments with innovators all across the world thanks to our seasoned team and owners.
A cutting-edge payment processor
Betsy Samuel, Thredd’s CMO, noted that the company was named Thredd because they support true collaboration in the payments industry. Our DNA is like this. We desired a new name that would both honor our unique character and represent our growing status as a crucial modern payment processor at the center of the rapidly changing digital economy. The name “Thredd” refers to our distinctive function and standing as an important ecological “thread.”
We are really serious about our partner position. One customer called us the “thread” connecting ecosystem stakeholders, which inspired our new moniker. Our DNA is to be that crucial thread that makes the complicated simple and enables our clients to manage payments quickly. It was crucial to create an original moniker that accurately describes our strategy. As we grow outside of our current market, our name must clearly communicate our unique product and accurately reflect our dedication to our customers.