## New Type Field in Settlement API

We have added a new `type` field to the Settlement API. This field identifies the type of each settlement record. This field provides increased visibility into settlement activity and enables a more granular understanding of the data, key benefits include:

- The ability to differentiate disputes money movement across the different phases of the dispute lifecycle: `CHARGEBACK`, `REPRESENTMENT`, `PREARBITRATION`, and `ARBITRATION`
- Within Single Message activity, the ability to differentiate between settlements from cardholder purchases and non-financial events (e.g., card balance checks which still incur interchange and fees - despite not being a typical cardholder purchase)

You can see the full set of enumerations and their descriptions [here](https://docs.lithic.com/docs/settlement-reporting#type-enumerations). This new field is live in production as of January 5th 2024.

Note: This field is currently available for `MASTERCARD` and `MAESTRO` records only. `type` data for `VISA` and `INTERLINK` is expected to follow in Q1 2024.

## Renew and Replace Physical Card Functionality Now Available

Customers now have two new endpoints with which they can refresh their cards.

1. As physical cards approach expiry, customers can _renew_ physical cards, extending the expiry on their physical card.
2. If a physical card is lost or stolen, customers can also _replace_ physical cards, generating an entirely new physical card.

We strongly recommend integrating with these endpoints to support customers with expiring or lost/stolen cards. See our [Renew Physical Cards](https://docs.lithic.com/docs/cards#renew-physical-card) and [Replace Physical Cards](https://docs.lithic.com/docs/cards#replace-physical-card) guides for more information.