Thredd, a leading next-generation global payments processor, has launched its latest complimentary report, “Launching in America: A guide to issuing via BIN sponsorship.”
The guide is aimed at programme managers and FinTechs exploring expansion into the U.S. payments market.
The release of the guide is part of Thredd’s effort to assist foreign entities in navigating the complexities of entering the American payments space.
The company has identified a growing demand from global payments executives and organisations seeking to introduce their value propositions to the U.S. market.
Thredd is a global payments processor that specialises in offering innovative solutions for FinTechs and businesses worldwide. With a focus on seamless integration and advanced technology, Thredd supports its clients in building scalable and secure payment platforms to meet international market demands.
The newly launched guide provides comprehensive insights into the American payments market, addressing the key challenges and requirements faced by foreign companies. It covers essential topics such as the regulatory landscape, the roles of key parties, and the evaluation process involved in working with BIN sponsors.
Some of the core elements of the guide include a breakdown of the U.S. regulatory and business climate, detailed due diligence processes, definitions, and checklists to guide programme managers through the necessary steps. The guide aims to serve as a roadmap for those looking to effectively expand into the U.S. market.
Thredd’s report also offers practical takeaways, including strategies for market entry, understanding the requirements of BIN sponsors, and how to develop a go-to-market plan.
Jim McCarthy, CEO of Thredd, said, “Entering the U.S. payments market can be challenging. Having successfully helped our clients make the journey, we’ve created this guide to share some of the key facts and learnings. Passporting programmes into the U.S. is complex, but with a well-considered plan, forward-thinking organisations can rapidly expand their business.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
