Sutton Bank

Sutton Bank develops card partnerships through its Sutton Payments division, including prepaid and debit programmes. Founded in 1878, it is a US bank, and it is also referred to as Sutton Payments.

Services The listed services are card sponsorship, prepaid cards, debit cards and programme management. RTP is the payment channel named. A programme here means a card product that a fintech or business launches under the bank's sponsorship, and the bank takes part in managing it.

Target clients Published segments are fintech companies, banks and financial institutions, and businesses and enterprises. A published segment does not guarantee that a particular applicant will be accepted.

Programmes versus ordinary accounts Sutton is a banking organisation, but programme terms and the onboarding of fintech partners are considered separately from opening an ordinary account.

Deposit insurance The bank states FDIC membership on its website. Protection covers eligible bank deposits only; not every product or investment is covered and a non-bank intermediary's risk is not.

Who it suits Fintechs, programme managers and brands that want to launch prepaid or debit cards in the United States under a sponsor bank with a long history. Costs, minimum volumes and compliance requirements are not in the available facts and need a direct discussion.