Founded in 1925, Evolve Bank & Trust (FDIC-Insured, Arkansas State-Chartered, Federal Reserve Member) operates as one of the most prominent sponsor banks in the United States. Through its dedicated Open Banking division, Evolve delivers scalable technology infrastructure that enables non-bank fintechs, merchants, and software companies to embed payment processing, card programs, and deposit services directly into their digital applications.

As a principal member of major payment networks including Visa and Mastercard, Evolve provides comprehensive card issuing (debit, credit, prepaid) and card acquiring capabilities. Its API-driven platform supports high-throughput "For Benefit Of" (FBO) sub-ledger accounts, automated onboarding workflows, and multi-rail payment movement—spanning ACH, domestic wires, real-time push-to-card, and remote bill presentment services.

• Principal Network Sponsorship: Direct principal membership with Visa and Mastercard for physical and virtual card issuing.

• Enterprise Card Acquiring: Full acquiring stack supporting purchase pull transactions, payment gateways, and push-to-card disbursements.

• Multi-Tenant FBO Ledgering: Stored-value account infrastructure with sub-ledger management and pass-through FDIC insurance structures.

• Multi-Rail Money Movement: API clearing across ACH, Same-Day ACH, wires, Visa Direct, Mastercard Send, and Remote Payment & Presentment Services (RPPS).

• Open Banking APIs: Developer-friendly API infrastructure designed for programmatic account creation, user onboarding, and automated transaction routing.

Key Features

• White-Labeled Card Programs: Complete issuing sponsorship for branded virtual and physical debit, credit, and reloadable prepaid cards with real-time authorization capabilities.

• Comprehensive Card Acquiring Stack: Native support for eCommerce card processing, card-not-present transactions, tokenized card storage, and instant push-to-card disbursements.

• Stored Value & FBO Accounts: Multi-tenant deposit architectures that allow platforms to safely pool, track, and reconcile end-user funds.

• Advanced Disbursement Rails: High-speed money movement utilizing push-to-card networks, electronic bill pay (RPPS), and cash pickup options.

• Regulatory Compliance Oversight: Built-in compliance oversight covering CIP/KYC verification, BSA/AML transaction monitoring, and card network rules.