Avidia Bank

Avidia Bank is a licensed US bank that offers sponsorship services to payment companies: card issuing sponsorship, acquiring sponsorship, ACH sponsorship and remote payment services.

Sponsorship model Instead of acting as a retail business account provider first, the bank supports third parties that want to issue cards, acquire merchants or originate ACH payments under a bank relationship. Programme terms and the onboarding of fintech partners are reviewed separately from the ordinary opening of an account, so a fintech should expect a partner-style due-diligence process.

Target clients The published target segments are fintech companies, businesses and enterprises, and software platforms. These segments are targets, not a promise of eligibility. ACH is named as the payment channel.

Deposit protection and developers The bank states that it is an FDIC member. This applies to qualifying bank deposits only and does not extend to all products, investments or the risk of a non-bank intermediary. The company's developer presence is linked on its website through its app listing.

What to clarify Fees, programme minimums, supported card networks and timelines are not stated in the material. A payment company comparing sponsor banks should ask for these terms and for the compliance requirements it must meet.