Staff Software Engineer

Lithic joins American Fintech Council (AFC) to advance programmable card issuing and money movement. Leading card issuing and processing platform enables fintechs to build, manage, and scale card programs New York, NY (March 24, 2026) - The American Fintech Council (AFC), the largest industry association representing both responsible fintech companies and innovative banks, announced the addition of Lithic as its newest member. Lithic is the leading provider of programmable card issuing and money movement infrastructure, enabling clients to launch and operate a wide array of consumer and commercial card programs across debit, prepaid, charge and revolving credit product types. As an AFC member, Lithic joins a network of financial leaders focused on improving transparency, clarity, and consumer protection in the financial system. "Lithic is helping modernize card issuing and payments infrastructure by providing technology that integrates issuance, transaction processing, and operational management into a single platform," said Phil Goldfeder, CEO of the American Fintech Council. "Its tools give financial institutions and technology companies the ability to scale programs more efficiently, maintain regulatory compliance, and deliver better experiences for their customers. We're pleased to welcome Lithic as a member and look forward to collaborating with their team to advance responsible innovation in card and payment services." Lithic's platform provides direct connections to American Express, Mastercard, Visa, and the Federal Reserve, giving clients the payments infrastructure to run card programs at scale. Its Authorization Intelligence layer incorporates real-time context, permissions, and continuous risk signals into every transaction decision. "Companies building card programs today need more than issuance, they need built-in fraud prevention and compliance systems that can scale with them," said Bo Jiang, Co-founder and CEO of Lithic. "We joined AFC because we believe getting the policy and standards environment right matters as much as the technology. We're looking forward to contributing to those conversations alongside other leaders who are building for the next generation of payments." A standards-based organization, the American Fintech Council (AFC) is the largest and most diverse trade association representing financial technology (fintech) companies and innovative banks. On behalf of over 150 member companies and partners, AFC promotes a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies. About Lithic Lithic is the leading card issuing company built for high-growth technology companies. Lithic's APIs and operational enablement services enable businesses to move money, build card programs, and issue debit, credit, and prepaid cards to consumers and businesses with unparalleled ease and flexibility. Lithic is committed to providing innovative solutions that meet the evolving needs of the financial services industry. For more information, visit www.lithic.com.

Coinstar selects Lithic to power new GPR card, transforming physical currency into digital financial services. Lithic Lithic announced it has been selected by Coinstar(R), LLC to power the new CINQ by Coinstar(TM) Debit Card, a general-purpose reloadable (GPR) product. The card integrates with the CINQ by Coinstar(TM) digital wallet and converts physical currency into funds that can be accessed through both virtual and physical cards. The CINQ by Coinstar(TM) Debit Card is issued by Lead Bank. The CINQ by Coinstar(TM) Debit Card is designed for cash-preferred consumers who want flexible ways to manage their money. Through more than 10,000 participating Coinstar kiosks across the United States, users can convert loose change and cash into digital funds that are available within minutes. Lithic enables Coinstar to recognize kiosk-loaded funds in near real time, allowing users to spend with virtual card credentials shortly after funds are inserted. As the full stack issuer processor, Lithic supports account creation, balance management, card issuing, and transaction processing. Users can create account credentials, complete KYC, and receive a virtual card loaded with their funds in near real time. The platform supports full GPR capabilities, including direct deposit, ATM access, and everyday purchases. Lithic provides ledgering, card issuing, transaction processing, managed disputes and chargeback services, physical card printing and fulfillment, and advanced fraud prevention through real-time authorization decisioning. The partnership also includes ACH payment management, fees and transfers, settlement reconciliation, reporting, and specialized data mapping to support Coinstar's program management requirements. "Our partnership with Lithic reflects our commitment to building a financial inclusion platform that gives consumers more flexible ways to manage their money. Lithic's technical expertise and collaborative approach have been essential in bringing the CINQ by Coinstar(TM) Debit Card to market and enabling future capabilities like early direct deposit and ACH bill pay. Together, we are expanding access to digital financial services for the consumers who rely on us most," said Brandon Thompson, chief commercial officer at Coinstar. The CINQ by Coinstar(TM) Debit Card expands Coinstar's digital transformation by bringing more on-kiosk functionality into the digital world. The card is available now in the United States through Coinstar's kiosk network and the CINQ by Coinstar(TM) digital wallet.