Case Study: Nium achieves 200-millisecond virtual card issuance with Thredd

Nium issues and loads virtual cards in 200 milliseconds with Thredd

Nium, a global fintech company in the travel payments industry, faced the challenge of complex and slow international payments for its clients, including hotels and online travel agencies. Dealing with multiple currencies led to high exchange fees and unpredictable cash flow. Partnering with Thredd, Nium sought to revolutionize travel payments by drastically reducing the time to issue and load virtual cards to under a second.

Thredd provided a powerful, consolidated API solution that enabled Nium to issue and load virtual cards in just 200 milliseconds. This partnership allowed Nium to expand its offerings from 3 to nearly 30 currencies and increase transaction acceptance rates by offering more card types. The results included superfast, secure global payments and additional features for greater customer control, all achieved through the vendor's technology.

Nium