Flexible charge cards with built-in collections, compliance, and capital
Instantly open accounts with custom credit limits
Programmatically create accounts for your clients, set a credit limit, and issue virtual, physical, and tokenized cards to their employees. Simplify statementing by tracking all spend against your client's aggregate credit limit and balance.
Automated balance tracking and repayment
Leverage Lithic's native banking core to automatically decline transactions that would cause balances to exceed credit limits, and collect repayments when they are due. Lithic will adjust repayments to factor in early payments and late fees.
Customized transaction authorization rules
Add custom logic and decisions to each transaction with Lithic's Authorization Stream Access
Configurable repayment terms and ACH
Set your own billing period, payment terms, and other customizations such as the display of your company name in ACH transactions
Credit Pillars
Lithic supports the key pillars of the credit stack, while giving partners the flexibility to own the underwriting risk. Lithic can help facilitate capital required for the program.
Processor
Lithic abstracts the underlying complexity of card issuing and transaction processing away with a simple, intuitive API.
Loan Servicing
A system of record is required to track balances, manage repayments, and other core functions. Use Lithic's native core or bring your own.
Capital
Programs typically lend off their balance sheet, or use third party capital from banks, warehouse lenders, or capital markets.
Underwriting
Choose from a rich ecosystem of credit data providers, and build credit models alongside other real-time asset pricing models.
Lender of Record
Typically, capital flows through a Bank acting as lender of record with appropriate licensing and registration in order for the loan to be originated in a compliant way. This is typically provided by the BIN sponsor, or by the program itself under state licensing rules.
Full Stack
Fully Automated
- Bank Settles with the NetworkLithic provides a lender of record (a partner bank) who pays the networks on behalf of the credit program
- Lithic Collects RepaymentsOn the payment due date, Lithic automatically collects repayments from clients on behalf of the program via ACH
- Program is FundedRepayments are released after a four business-day hold period back to the program
