North American Bancard (NAB) is an American payments technology company that is headquartered in Troy, Michigan. NAB offers technologies in credit, debit, electronic benefit transfer (EBT), check conversion and guarantee, ATM, gift and loyalty cards, and online payments. The company was founded in 1992 by CEO/President Marc Gardner.
 Corporate Headquarters in Troy | |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 1992 |
| Headquarters | , |
Key people | Marc Gardner (CEO/President) |
| Products | Credit Card Processing, Mobile POS, Virtual Terminal, Merchant Services, Restaurant POS, Retail Point of Sale |
| Owner | Marc Gardner |
Number of employees | 1,200 (2018) |
| Website | www |
As of 2018[update], the company processed more than $50 billion per year in electronic transactions for more than 350,000 merchants in all 50 states.[1]
As of 2018[update], its corporate office employs more than 1,200 people, plus, another 3,000 sales partners located throughout the U.S.[2] North American Bancard is also a foundation member of Automation Alley.
History
editSince 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 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.[6]
In January 2011, North American Bancard announced the launch of PayAnywhere, a mobile payment processing tool.[7] In 2014, NAB acquired payment processor Electronic Payment Exchange.[8] 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.[9]
In 2016, NAB reached 1,000 employees for the first time. In 2017, NAB acquired Total Merchant Services.[10]
In March 2022, it was announced North American Bancard has acquired the Washington-headquartered B2B payment gateway provider, PayTrace.[11]
Operations
editNAB employs more than 1,200 people in a 100,000+ sq. ft. corporate office in Troy, MI.[12]
Recognition
editThe 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.[13]
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 Independent Sales Organization (ISO) of the Year in 2014.[14]
References
edit- ^ "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 About Us". NorthAmericanBancard.com. 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.
- ^ "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.
- ^ "NAB Holdings closes purchase of Total Merchant Services". PaymentsSource.com. 2017-07-11. 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.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "North American Bancard About Us". NorthAmericanBancard.com. Retrieved 2018-06-14.
- ^ "Marc Gardner Guest Panelist at Mackinac Policy Conference". PRLog. 2009-08-24. Retrieved 2018-06-14.
- ^ "When the ETA talks, people listen!". greensheet.com. Retrieved 2018-06-14.