Thredd Offers Real-Time Payment Control through Mastercard Wholesale Program

Thredd, a leading issuer processor, has become the first to offer real-time payment control to its travel agency customers through the Mastercard Wholesale Program. This new capability enables customers to adapt payment flows in real time based on supplier needs, improving speed and cost efficiency. Thredd aims to deliver cost optimization and improved payment processing for travel suppliers, enhancing supplier relationships and scalability across markets.

London, August 12, 2025 — Thredd, a leading issuer processor, has made a significant advancement in the travel industry by becoming the first to offer real-time payment control to its travel agency customers through the Mastercard Wholesale Program (MWP). This innovative capability enables Thredd’s customers to adapt payment flows in real time based on supplier needs, enhancing speed and cost efficiency [1].

The new feature, flexible product codes, allows travel organizations to seamlessly transition between product codes on a real-time basis. This adaptability is crucial for responding to supplier needs based on geography, product type, and volume, optimizing business-to-business travel payments with greater visibility, adaptability, and control [1].

The MWP, designed to support the global nature of the travel industry, offers greater security and predictability of cross-border payments between travel buyers and suppliers. Based on industry feedback, the program has evolved to include real-time payment control, allowing issuers to make real-time adjustments to virtual card technology based on specific supplier or product requirements [1].

Thredd’s CEO, Jim McCarthy, highlighted the significance of this development, stating, “In the travel space, speed and cost-efficiency are critical. With the enhanced flexible product code feature enabled through the Mastercard Wholesale Program, OTAs and other travel clients can unlock more agile and scalable payment flows, while keeping operational overhead to a minimum. It’s a strong example of what’s possible when modern issuer-processors and global networks work together to solve industry-specific challenges” [1].

By delivering cost optimization and improved speed in provisioning and settling payments with travel suppliers, Thredd aims to enhance supplier relationships and offer more flexibility in how these groups scale across markets [1]. This innovation not only benefits Thredd’s customers but also contributes to the overall growth and efficiency of the travel industry.

References:
[1] https://finance.yahoo.com/news/thredd-becomes-first-issuer-processor-070000290.html
[2] https://www.businesswire.com/news/home/20250812032698/en/Thredd-Becomes-First-Issuer-Processor-to-Offer-Real-Time-Control-over-B2B-Travel-Payments-through-the-Mastercard-Wholesale-Program