Lithic Announces Commercial Revolving Credit API, Bringing Enhanced Flexibility to Business Credit Card Programs [Yahoo! Finance]
Mastercard Incorporated (MA)
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Source: Yahoo! Finance
The API enables companies to configure APR, billing periods, and interest rates, and offers tools for fee management, dispute resolution, and interest calculation. Novo, a banking platform, has partnered with Lithic to launch its Novo Business Credit Card, which combines cash flow flexibility with robust fraud protection and financial management tools. The API is available for financial institutions and fintechs to launch or enhance their commercial credit card offerings. New API infrastructure enables fintechs and financial institutions to build customizable commercial credit card programs, such as Novo's Business Credit Card NEW YORK, December 09, 2024 BUSINESS WIRE Lithic , a leading financial technology platform known for powering growth businesses with bespoke card solutions and seamless money movement, today announced the launch of its Commercial Revolving Credit API , expanding its suite of credit solutions for businesses. The new offering enables card programs to quickly l
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