North American Bancard
| Company type | Private |
|---|---|
| Industry | Financial services Point of sale Mobile payment |
| Founded | 1992 |
| Headquarters | Troy, Michigan |
| Products | Credit Card Processing, Mobile POS, Virtual Terminal, Merchant Services, Restaurant POS, Retail Point of Sale |
| Owner | Marc Gardner |
Number of employees | 1,200 |
| Website | www |
North American Bancard (NAB) is a payments technology company founded in 1992 by CEO/President Marc Gardner, it is headquartered in Troy, Michigan. Its corporate office employs more than 1,200 people, plus, another 3,000 sales partners located throughout the U.S.[1] NAB offers technologies in credit, debit, EBT, check conversion and guarantee, ATM, gift and loyalty cards, and online payments. The company processes more than $50 billion per year in electronic transactions for more than 350,000 merchants in all 50 states.[2]
North American Bancard is also a foundation member of Automation Alley.
History[edit]
Since its inception in 1992, North American Bancard has grown into the 6th largest non-bank merchant acquirer in North America.[3]
In 2008, the Michigan Economic Development Corporation (MEDC) recommended the Michigan Economic Growth Authority (MEGA) approve a $21.5 million state tax credit to NAB.[4] The company moved its headquarters to a 105,000-square-foot (9,800 m2) building on Stephenson Hwy in fall of 2009.[5]
In 2016, NAB reached 1,000 employees for the first time. In 2017, NAB acquired Total Merchant Services.[6]
Awards and nominations[edit]
Founder/CEO/President Marc Gardner received the Ernst & Young’s Entrepreneur of the Year award in 2008.[7]
The Detroit Regional Chamber selected Gardner as a guest speaker at the 2009 Mackinac Policy Conference to discuss Michigan’s economic future and Gardner’s success as an entrepreneur.[8]
The American Heart Association named North American Bancard as a 2010 Fit Friendly Gold Status company for their comprehensive wellness initiatives for their employees.[9]
North American Bancard and its brand PayAnywhere were awarded for the category Design in Electronic and Digital Communications - Website by the International Association of Business Communicators Detroit in June 2011.
North American Bancard was named ETA ISO of the Year in 2014.[10]
Current[edit]
NAB currently employs more than 1,200 people in a 100,000+ sq. ft. corporate office in Troy, MI.[11]
In June 2010, North American Bancard announced its acquisition of Point and Pay from Vesta Corp as a means to expanding into payment processing for the public sector and non-profits.[12]
In January 2011, North American Bancard announced the launch of PayAnywhere, a mobile payment processing tool.[13] In 2014, NAB acquired payment processor Electronic Payment Exchange.[14] In June 2015, North American Bancard announced the launch of the newest version of its PayAnywhere Mobile credit card reader, a 3-in-1 credit card reader that was launched in Apple Stores. This version is compatible with iOS devices.[15]
In March 2022, it was announced North American Bancard has acquired the Washington-headquartered B2B payment gateway provider, PayTrace.[16]
References[edit]
- ^ "North American Bancard About Us". NorthAmericanBancard.com. Retrieved 2018-06-14.
- ^ "North American Bancard and Mediaplanet Partner to Support Retailers in 2018 in 2nd Annual Future of Retail Campaign". Vocus PRW Holdings, LLC. Retrieved 2018-06-14.
- ^ "North American Bancard". DevPro Journal. 2 January 2018. Retrieved 2018-06-14.
- ^ "Michigan Economic Development Corporation". Themedc.org. Retrieved 2013-03-26.
- ^ "North American Bancard moves into new Troy HQ | Crain's Detroit Business". Crainsdetroit.com. 2009-11-09. Retrieved 2013-10-14.
- ^ "NAB Holdings closes purchase of Total Merchant Services". PaymentsSource.com. 2017-07-11. Retrieved 2018-06-14.
- ^ "Entrepreneur of the Year winners announced". crainsdetroit.com. 2008-06-13. Retrieved 2018-06-14.
- ^ "Marc Gardner Guest Panelist at Mackinac Policy Conference". PRLog. 2009-08-24. Retrieved 2018-06-14.
- ^ "Wellness Program Champions Reap Benefits of a Culture of Health - Corp! Magazine". Corp! Magazine. 10 October 2012. Retrieved 2015-11-16.
- ^ "When the ETA talks, people listen!". greensheet.com. Retrieved 2018-06-14.
- ^ "North American Bancard About Us". NorthAmericanBancard.com. Retrieved 2018-06-14.
- ^ "Business Diary". Crain's Detroit Business. Crain's. 8 August 2010.
- ^ "PayAnywhere Offers New Mobile Credit Card Reader for Apple Pay". hospitalitytechnology.edgl.com. Retrieved 2015-11-16.
- ^ "North American Bancard Acquires Electronic Payment Exchange (EPX)". Business Wire. 2014-10-24. Retrieved 2018-06-14.
- ^ "Sell Anything Anywhere With "Pay Anywhere" Free iPhone App & Reader from North American Bancard". facebook.com. Retrieved 2018-06-14.
- ^ March 2022, 23rd (2022-03-23). "B2B payment specialist PayTrace acquired by North American Bancard". FinTech Futures. Retrieved 2022-03-23.
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