Thredd Extends French FinTech Alliance for Corporate Payments Push

French FinTech ID Distribution (IDD) has expanded its partnership with issuer processing platform Thredd as it expands its offerings.

IDD’s current offerings include Vaziva, an employee benefits and payments platform that features a card program that helps companies manage and distribute employee benefits, Thredd said in a Tuesday (June 16) press release.

Thredd has supported IDD’s consumer offering in France since 2020. Now, with the partnership extended through 2030, Thredd will continue to support those programs as well as IDD’s planned launch in Spain, its forthcoming corporate card program, and its fraud transaction monitoring and 3DS support, according to the release.

ID Distribution Chief Operating Officer Henri Riou said in the release: “Thredd has been a trusted partner as we have grown our card program in France, and we are pleased to extend that collaboration as we expand into new markets and launch new corporate payment solutions.”

Thredd Chief Revenue Officer Kevin Fox said in the release: “As IDD enters its next chapter, we are proud to expand our work together and support its growth with the processing infrastructure, risk monitoring and payments expertise needed to scale across new use cases and markets.”

Thredd delivers debit, credit, digital wallet and ledger capabilities to more than 100 customers across 50 countries, including FinTechs, digital banks and embedded finance providers, according to the release.

In some other recent moves, Thredd teamed up with Visa and Zilch to offer more flexible payment options for consumers in the United Kingdom, with Cross River Bank to help international FinTechs enter the United States, and with Paywith to launch Australian card programs.