North American Bancard

Short description: Payments technology company

North American BancardType| 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.northamericanbancard.com

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.

## Contents

* 1 History
* 2 Awards and nominations
* 3 Current
* 4 References

## History

Corporate Headquarters

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

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

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

1. ↑ "North American Bancard About Us". NorthAmericanBancard.com. https://www.northamericanbancard.com/company/who-we-are. Retrieved 2018-06-14.
2. ↑ "North American Bancard and Mediaplanet Partner to Support Retailers in 2018 in 2nd Annual Future of Retail Campaign". Vocus PRW Holdings, LLC. http://www.prweb.com/releases/2018/04/prweb15378887.htm. Retrieved 2018-06-14.
3. ↑ "North American Bancard". DevPro Journal. 2 January 2018. https://www.devprojournal.com/sponsors/north-american-bancard/). Retrieved 2018-06-14.
4. ↑ "Michigan Economic Development Corporation". Themedc.org. http://www.themedc.org/News-Media/Press-Releases/Detail.aspx?ContentId=34e22ba5-6a3f-44be-81bd-87536327e6c5. Retrieved 2013-03-26.
5. ↑ "North American Bancard moves into new Troy HQ | Crain's Detroit Business". Crainsdetroit.com. 2009-11-09. http://www.crainsdetroit.com/article/20091109/FREE/911099974. Retrieved 2013-10-14.
6. ↑ "NAB Holdings closes purchase of Total Merchant Services". PaymentsSource.com. 2017-07-11. https://www.paymentssource.com/news/nab-holdings-closes-purchase-of-total-merchant-services. Retrieved 2018-06-14.
7. ↑ "Entrepreneur of the Year winners announced". crainsdetroit.com. 2008-06-13. http://www.crainsdetroit.com/article/20080613/SUB/872254891/entrepreneur-of-the-year-winners-announced. Retrieved 2018-06-14.
8. ↑ "Marc Gardner Guest Panelist at Mackinac Policy Conference". PRLog. 2009-08-24. https://www.prlog.org/10320275-marc-gardner-guest-panelist-at-mackinac-policy-conference.html. Retrieved 2018-06-14.
9. ↑ "Wellness Program Champions Reap Benefits of a Culture of Health - Corp! Magazine". 10 October 2012. http://www.corpmagazine.com/features/cover-stories/wellness-program-champions-reap-benefits-of-a-culture-of-health/. Retrieved 2015-11-16.
10. ↑ "When the ETA talks, people listen!". greensheet.com. http://www.greensheet.com/North-American-Bancard/Harbortouch/node=displayFeaturedContent&action=22. Retrieved 2018-06-14.
11. ↑ "North American Bancard About Us". NorthAmericanBancard.com. https://www.northamericanbancard.com/company/who-we-are. Retrieved 2018-06-14.
12. ↑ "Business Diary". Crain's. 8 August 2010. http://www.crainsdetroit.com/article/20100808/SUB01/308089965/business-diary.
13. ↑ "PayAnywhere Offers New Mobile Credit Card Reader for Apple Pay". http://hospitalitytechnology.edgl.com/news/PayAnywhere-Offers-New-Mobile-Credit-Card-Reader-for-Apple-Pay102069. Retrieved 2015-11-16.
14. ↑ "North American Bancard Acquires Electronic Payment Exchange (EPX)". Business Wire. 2014-10-24. https://www.businesswire.com/news/home/20141024005068/en/North-American-Bancard-Acquires-Electronic-Payment-Exchange. Retrieved 2018-06-14.
15. ↑ "Sell Anything Anywhere With "Pay Anywhere" Free iPhone App & Reader from North American Bancard". https://www.facebook.com/note.php?note_id=128456950553707. Retrieved 2018-06-14.
16. ↑ March 2022, 23rd (2022-03-23). "B2B payment specialist PayTrace acquired by North American Bancard" (in en-GB). https://www.fintechfutures.com/2022/03/b2b-payment-specialist-paytrace-acquired-by-north-american-bancard/.

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