Automated Back Office

The Thredd Automated Back Office is a service for Card Issuers, BaaS providers and BIN Sponsors1 Currently only available to self-issuers., which automates the manual processes for running a compliant card programme.

The automated back office platform offers reliable data on the transaction lifecycle, reduces compliance and reconciliation issues, and helps you automate and modernise your backend programme management functions so you can focus on building innovative products for the payment’s ecosystem.

Features

• Transaction Reconciliation. Identifies discrepancies and reconciles transactions in near real-time to ensure accurate records, enable fast resolution, and support seamless compliance.
• Network Fees. We’ll break down the complicated Card Scheme invoice into line items that are easy to understand, highlight non-compliance and optional fees. A dashboards provides high-level summaries to understand your card programme’s activity at a glance.

• Scheme Reporting. Generate Quarterly Management Reports (QMRs) and Quarterly Operating Certificates (QOCs) for Mastercard and Visa in a Scheme-approved format, for downloading and sending to the Scheme.

Figure: Currently available Automated Back Office services

For more information, see the Automated Back Office Guide.