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Lithic Product Update: December 2023
Released in November and December: Card Level Balances, ASA Endpoint Updates, Card Program and Digital Art Improvements, External Bank Account Events, Multi-Program Dashboard, Statements for Charge Cards
Lithic Legal Library: Free Legal Templates for Card Programs (Now with Commercial Card Templates)
The Lithic Legal Library is an open repository of legal and compliance templates that are free for all companies to use. We keep expanding the library with new and updates templates for the fintech community.
Navigating Fintech Compliance with Alloy’s Tommy Nicholas
Alloy’s Annual State of Compliance Benchmark Report 2023 noted that 60% of fintechs paid at least $250,000 in compliance fines over the past year. Tommy joined Reggie Young, product counsel at Lithic to discuss Alloy's report and how he believes fintechs can more effectively navigate compliance.
New Milestone: $1B in Charge Card Transactional Volume
Last month, we announced our full stack commercial charge card—which we added to our suite of cards products alongside Prepaid and Debit. We're excited to announce that we've crossed and blown past $1 billion in annual charge card volume here at Lithic, with transaction volumes growing fast.
Lithic Product Update: October 2023
Released in September and October: ACH and accounts, commercial charge card, settlement API, a handful of API upgrades, and more.
Introducing Lithic’s Commercial Charge Card
We’re excited to announce that Lithic is expanding our support of credit programs with our first fullstack credit product – Lithic’s Commercial Charge Card.
Introducing Accounts and ACH
Seamlessly integrated with Cards, this suite equips businesses with the tools to develop holistic payment solutions through APIs.
Settlement API for Better Visibility into Daily Cash Movement
Today, we’re launching our Settlement API, a solution that provides you a clear view of cash movement and daily network activity, including data on interchange and network fees.
3DS Support for Better Fraud Management
Today, we are expanding our fraud offering with two new ways for Lithic card programs to participate in 3-D Secure (3DS) in beta.
Introducing Our Kotlin-based Lithic Client Library
We are excited to announce the development of our Kotlin-based client library, following up on our recent Java library release.