Lithic’s Post

Whether you’re launching a new card program or rethinking an existing one,  there’s one key piece of the puzzle: An issuer processor. Issuer processors connect card issuers, cardholders, card networks, and banks to ensure payment transactions are processed smoothly. Our blog post, “Issuer Processors 101”, breaks down what they are, how they power card programs, and more. Read the full guide to discover: ✅ The different phases of issuer processors ✅ How to work with an issuer processor ✅ Why a developer-first processor might be the right choice for you Get the link in the comments.

How do you sync account transactions from Open Banking APIs when the transactions do not have unique IDs? This is the question our CTO, Fedor Tyurin, explores a synchronization algorithm that overcomes the hurdle of missing unique transaction IDs. He dives into strategies for matching transactions based on consistent properties like booking date and transaction amount. Dive into the article to discover how you can enhance your transaction synchronization and empower your innovations. Link in the comments 👇

Which of the following statements accurately describes payment gateway services? A). Payment gateways facilitate the transfer of funds between a customer's bank and the merchant's bank, ensuring secure online transactions. B). Payment gateways are physical devices used to swipe credit or debit cards for in-person transactions. comment below

"ATMs revolutionized banking through electronics, evolving from basic cash dispensers to versatile transaction hubs." As electronics continued to advance, so did the capabilities of ATMs. Today, ATMs can perform a wide range of transactions beyond simple cash withdrawals, including deposits, transfers, bill payments, and even purchasing prepaid products. Furthermore, innovations such as biometric authentication and contactless payments have enhanced security and convenience for users.

💡 DID YOU KNOW? We've mastered the art of converting traditional checks into electronic transactions, offering you the speed and simplicity of credit card processing. Embrace the future of payments today!

Over the last few weeks I have had the opportunity to speak with many community banks and credit unions. Understanding their pain points helps us develop stronger strategies to support them in their journey. There are consistent issues within branch banking. 1. The war on deposits rages on admist the rising cost of funds. How can they differentiate and grow customers/members and deposit dollars. 2. Rising cost of branch banking, driven by rising wages, while branch traffic continues to decline. How can we make our branches more efficient? 3. Declining fee income largely driven to regulatory pressure on consumer fees. How can we be profitable? 4. Increasing technology cost. End of life ATMs (NCR 30/Diebold Opteva), upcoming PCI changes, upcoming windows upgrade. How do we navigate the cost to upgrade vs. replacing with new machines with greater functionality? Is your institution struggling with some of these same issues? QDS has a long history of partnering with organizations to solve complex and interconnected issues. Our partnership approach, expertise, and strategic advising sets us apart. Want to learn more? Check out our website for some great resources, testimonials, and success stories. We are here to help!!! https://lnkd.in/eD_pc2FT

Card payments are key to moving money, yet often blend into the background of transactions. In this ICBA article, our card and money movement expert Chris Como outlines how an integrated payments ecosystem can help banks modernize their card operations fast to minimize fraud, maximize business opportunities and find and keep more customers. http://spr.ly/6043QyTqF

Card payments are key to moving money, yet often blend into the background of transactions. In this ICBA article, our card and money movement expert Chris Como outlines how an integrated payments ecosystem can help banks modernize their card operations fast to minimize fraud, maximize business opportunities and find and keep more customers. http://spr.ly/6048QRaIi

Card payments are key to moving money, yet often blend into the background of transactions. In this ICBA article, our card and money movement expert Chris Como outlines how an integrated payments ecosystem can help banks modernize their card operations fast to minimize fraud, maximize business opportunities and find and keep more customers. http://spr.ly/6045QuWRL

Card payments are key to moving money, yet often blend into the background of transactions. In this ICBA article, our card and money movement expert Chris Como outlines how an integrated payments ecosystem can help banks modernize their card operations fast to minimize fraud, maximize business opportunities and find and keep more customers. http://spr.ly/6047QyHLb