Stripe Introduces New API For Programmable Payment Cards “Stripe Issuing”

U.S. payment firm Stripe announced earlier this week the launch of its new feature, Stripe Issuing, which is described as an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards. According to Stripe, Stripe Issuing’s infrastructure that allows users to create employee expense cards with dynamic spending limits, generate virtual cards so marketplace couriers can pay with their phones at specific merchants, or run the entire card stack for a new digital bank.

“Traditionally, card issuance has involved extensive development time, complex requirements, long-term contracts, and significant upfront fees. But with Stripe Issuing, we help abstract the complexity so you can start creating cards faster and scale more efficiently.”

Here’s how to use Stripe Issuing:

  1. Implement the Stripe Issuing API with just a few lines of code.
  2. Use the API or Dashboard to produce physical and virtual cards. Physical cards can feature customizable designs, and ship in a few days. Cards can be used instantly through mobile wallets.
  3. Programmatically assign spending controls with webhooks. This lets users implement approved merchant categories, spending controls, per-user bookkeeping, and other restrictions.
  4. Automate operational tasks, such as handling disputes, replacing cards, and generating custom reports.

Stripe went on to add:

“Stripe Issuing is certified directly with all major card networks as an issuing processor, which ensures reliability and rapid feature releases. It includes support for Apple Pay and Google Pay, allows programmatic dispute handling, and provides real-time authorization hooks. And Stripe Issuing is built on the core Stripe platform that processes billions of dollars of payments annually, so it integrates with the full suite of Stripe products to seamlessly handle workflows for verifications, balances, and account funding.”

 

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