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Gary Lewis Evans    LinkedIn Bio

Web 3.0 Open Banking With Paymency

The Third Phase in My Path to Banking as a Service (BaaS) 1994 - 2021

1994 the first of three phases began when I was president La Jolla Bank in La Jolla California.  This first phase was branded as Bank of The Internet (BofI).  The 1994 effort would be known as a challenger bank today. Being the early days of the Internet, we had to host the server at UCSD Super Computer Center. The technology opportunities are better today.

The second phase opened as a new bank on the 4th of July 2000 and has been renamed AXOS Bank in 2018.  AXOS would be known as a Neobank and is undeniable the most successful Challenger or Neobank.

The third phase is Paymency. Paymency is the best of consumer banking deposit operations, merchant payments and is driven by the power of retail.  I am seeking strategic partners. 

The DFIN Sponsored Paymency Web 3.0
Banking as a Service (BaaS) Model


  1. Save merchants up to 90% vs. card fees using our banker designed stable value currency

           a. Share payment transaction fees with qualified merchants

  2. All consumers qualify for our web 3.0 free alternative bank account including the unbanked

  3. Hold money safely both traditionally with banks and non-traditionally

  4. Built on our proprietary Hybrid Blockchain Clearing House

  5. Mobile based text and merchant app based

  6. A free to use marketplace platform for consumer financial products

           a. Includes financial education

           b. Banks, financial companies and FinTech can list and sell for free





Phase 1 - La Jolla Bank 1994

Months after Amazon went online, La Jolla Bank opened the original BofI. At that time no one would have expected retail to succeed online  let alone outperform banks that were already digital.  Everyone was wrong.

The following link is to a 2014 Motley Fool Article of How BofI Holding Inc. Revolutionized The Banking Industry Almost 20 Years Ago.

How BofI Holding Inc. Revolutionized The Banking Industry

Phase 2 - July 4 2000

Bank of Internet USA, BofI, name changed to AXOS in 2018.

The most successful Challenger or Neobank in the World. The bank has many awards and commendations, a few of which are listed below..

* Forbes - One of America's Best Banks 2019,2020, 2021

* Forbs Advisor - Best Overall for Online Banking 2021

* Fortune - 2nd Highest Bank on the List of 100 Fastest Growing Companies (#56 overall)

* Newsweek - America's Best Banks 2021 - Best Checking Account for College Students

Phase 3 - 2021

Paymency - The New USA Financial System

Not a bank, not a payment network. Paymency is the best of consumer banking deposit operations, merchant payments and is driven by the power of retail. 

Walmart and Starbucks have started down a retail path to banking.  Paymency will welcome all retail merchants and consumers to low cost payments and alternative banking.

SEE: Walmart’s Money Card Is Now A Checking Account: Does It Matter? 
SEE Forbes

The link below represents a short graphic overview of the Paymency proposed new USA financial system.


It's Time For a Web 3.0 DeFi Financial System

The New Paymency USA Financial System
Eight Page Deck + Appendix

The link below represents a short overview of the proposed new USA financial system, Use standard video controls to stop, start or back-up the video

Paymency DeFi Web 3.0

Link to Deck

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