OFX Expands US Corporate Cards with Thredd Partnership

OFX Expands US Corporate Cards with Thredd Partnership

Thredd, a leading payments processor, has significantly strengthened its collaboration with OFX, a specialist in card, payment, and foreign exchange services. This expanded partnership marks a crucial step for OFX as it extends its corporate card offerings into the United States and parts of the Asia Pacific region, building upon its successful ventures in Australia, Canada, and Europe. The alliance underscores a strategic move to provide businesses with more robust and globally integrated financial tools. Enhancing Global Corporate Card Programs At the core of this partnership, Thredd provides the essential "processing backbone" for OFX's corporate card programs. This includes critical compliance expertise and comprehensive in-market support, which are vital for navigating the complex regulatory landscapes of new territories. With Thredd's infrastructure, OFX is empowered to deliver sophisticated physical and virtual corporate card solutions. These solutions come equi…