Blog

Interchange is a major revenue driver for many fintechs.Companies that offer card products are growing revenue rapidly and securing massive valuations, such as Brex ($12.3B valuation) and Ramp ($8.1B valuation). Much of that revenue growth is due to interchange.

We're excited to announce the launch of our OpenAPI 3.0 definitions, which make the Lithic API more accessible and user-friendly for developers. Our goal with this release is to provide a better developer experience and make building products on the Lithic platform easier and more efficient.

Today, we’re launching the Lithic Disputes API, a new tool that enables customers to submit and manage disputes programmatically.

We made improvements that will allow you to launch templated card programs in just one week – twice as fast as previously possible. Our new process uses lightly customizable templates and eliminates steps that can lead to errors and design delays.

In this guide, you’ll learn how to evaluate card issuing providers and issuer processors, which criteria to include in your RFP, and get access to a downloadable card issuing RFP template.

Shipped this month: Lithic Events Platform, faster templated physical cards, and transaction object improvements.

Today, we’re launching our Events API and Webhooks, a powerful new tool to help you manage webhooks and events across our issuing platform.

Shipped this month: transaction events and decline reasons in the dashboard, a Java client library, updates to our Node.js and Python libraries, and sandbox improvements to support additional transaction lifecycle testing.

Lithic's Java client library is now available. It provides developers convenient access to the Lithic API for Java-based applications and allows you to execute a wide range of common operations faster and more efficiently.

In this update: faster timelines for physical cards, improvement to list transactions requests, settlement API closed beta, and three new guides.