Stripe Issuing Elements

Utilize Stripe Issuing to effortlessly create, distribute, and manage branded cards for your business, unlocking new revenue streams and enhancing customer loyalty

Why implement a credit card issuing solution?

Incorporating company-issued credit cards into a spending management platform can deliver significant benefits for businesses, fostering financial discipline while providing substantial operational efficiencies. For starters, centralizing the use of company-issued cards on one platform allows for real-time tracking of business expenses, a feature that's indispensable for maintaining control over company finances. Managers can view every transaction as it happens, helping to prevent unauthorized or unwise expenditures. This immediate visibility into company spending can also facilitate quicker, more informed decisions about resource allocation.

Furthermore, integrating these cards with a spending management platform simplifies the process of expense reporting and reconciliation. With traditional methods, employees may spend significant amounts of time logging expenses and submitting receipts. However, a spending management platform automates this process, capturing expenses as they occur and matching them with the corresponding transactions. This not only reduces the chance of human error but also frees up employees to focus on their core responsibilities rather than administrative tasks.

Lastly, spending management platforms often include robust analytic tools that can provide valuable insights into company spending habits. By examining these trends over time, businesses can identify areas for cost-saving, negotiate better terms with frequently used vendors, or spot potential issues before they become larger problems. So, adding company-issued credit cards to a spending management platform isn't just about control and convenience - it's a strategic move that can enhance the financial health of a business.

Stripe Issuing

Stripe Issuing is a highly advanced platform that empowers businesses to create, distribute, and manage physical and virtual cards, transforming how money is sent, received, and spent. It's designed for businesses of all sizes and enables them to streamline their expense management, enhance security, and gain valuable insights into their financial operations.

By generating custom-made, company-branded cards through Stripe Issuing, businesses can effectively control their expenses and allocate funds. These cards can be tailored to meet specific needs, such as limiting usage to certain types of purchases or setting spending limits. This provides businesses with an extraordinary level of control over how their money is being used, potentially reducing wasteful or unapproved expenditures.

Beyond expense management, Stripe Issuing also improves the efficiency of payout processes. For companies that need to disburse funds to contractors, freelancers, or employees, creating virtual or physical cards allows for real-time payments, reducing the waiting period and enhancing the user experience.

Additionally, Stripe Issuing leverages advanced APIs, allowing seamless integration with existing software systems. Businesses can, therefore, enjoy the benefits of automated processes such as real-time transaction updates, expense reporting, and card management - all within their familiar operational ecosystem.

In a world where financial operations are increasingly digital and complex, Stripe Issuing provides a powerful, flexible solution for businesses aiming to simplify their processes, improve control over spending, and enrich their overall financial management.

Maintaining Payment Card Industry Data Security Standard (PCI DSS) compliance is an imperative aspect of any business dealing with credit card transactions, and Stripe Issuing Elements offers a robust solution to meet this need. Stripe Issuing Elements is designed to securely collect sensitive card data directly within your application, minimizing your exposure to PCI DSS requirements.

Stripe Issuing Elements

The beauty of Stripe Issuing Elements is that it takes on the heavy lifting of securing card data. When your customers input their card information, the data is sent directly to Stripe's servers without passing through your own systems. This effectively reduces your scope of PCI compliance, as the actual card data never touches your server. This not only lessens the technical burden on your business but also significantly decreases the risk of data breaches and potential financial liabilities associated with them.

In addition, Stripe is a certified Level 1 PCI Service Provider, the highest level of certification available. When you use Stripe Issuing Elements, you're entrusting your customers' card data to a service that meets the most stringent industry standards for security. It also simplifies the process of demonstrating your compliance to auditors, as Stripe provides a pre-filled PCI DSS Self-Assessment Questionnaire for your business.

Stripe offers a JavaScript library to securely display sensitive data of Issuing cards. The sensitive data is showcased within Stripe-hosted iframes, ensuring it doesn't reach your servers and remains PCI compliant. This is done through Stripe.js. Importantly, for enhanced security, Stripe.js utilizes ephemeral keys to retrieve card information safely from the Stripe API. The creation of these keys starts browser-side with a nonce (a one-time token) produced using Stripe.js. This nonce is then sent to the server, exchanged for an ephemeral key via a call to the Stripe API, and subsequently returned to the browser for Stripe.js to utilize.

The first step to integrate with Issuing Elements entails crafting a secure server-side endpoint for generating ephemeral keys for any card you want to display. This endpoint is crucial as your Issuing Elements web integration will make calls to it. After setting up Stripe.js on your webpage and obtaining the ephemeral key, you can display sensitive card details such as the Number (PAN), CVC, Expiration Date and PIN. There are specific Elements available for this purpose, catering to both virtual and physical cards. Each of these Elements has its distinct configuration, and if using the "issuingCardPinDisplay", one must implement extra security measures, such as two-factor authentication.

For user convenience, alongside the primary "card data display elements", there's an "issuingCardCopyButton" element. This button offers a quick "copy to clipboard" function, ensuring that cardholders aren't manually copying card data. The copy feature is exclusively restricted to Stripe's PCI compliant iframe. This Element can be styled and placed as desired, and post-click feedback can be provided to users for better usability. The actual card object returned ensures that all PCI fields are omitted from the result. Finally, besides the primary .mount() method, these Elements support other methods like .destroy(), .unmount(), and .update({style}).

Reach out to Growthmill for help implementing Stripe Issuing .

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