About Lithic
Lithic is a card issuing platform for companies that want to launch and run their own card programs. It combines processing, ledgering and fraud tools behind a developer-focused API.
What it does
Lithic handles the processing side of card issuing, including the connection to card networks and the ledger that tracks balances. Teams can keep their own bank relationship and use Lithic's processing, or hand over more of the work, including program management, cardholder support and disputes. Fraud controls and transaction monitoring are included to help protect the card program.
Key features
- Card issuing and card processing
- Ledger for accounts and balances
- Fraud controls and transaction monitoring
- Disputes and chargeback handling
- Multi-currency support
Who it's for
Fintechs that want to offer branded payment cards, and banks or program managers that run card products. Teams with their own payments expertise may use it for processing only, while others can hand over more of the operations.
Pricing and good to know
Lithic offers modular service options, so the mix of processing and program services depends on the team. The company reports SOC 2 Type 2, PCI DSS and ISO 27001 compliance. Teams can contact the company directly for pricing and program details.
Highlights
- Issue and process card transactions
- Keep account and balance records in a ledger
- Apply fraud controls and transaction monitoring
- Handle disputes and chargebacks
- Support multiple currencies
