North American Bancard is a payments technology company that offers solutions for credit, debit, EBT, check conversion and guarantee, ecommerce, gift & loyalty cards, and more. 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. As a merchant services provider, NAB’s payment solutions include: credit, debit, EBT, check conversion and guarantee, ATM, gift and loyalty cards, and online payment solutions The company currently processes more than $50 billion per year in electronic transactions for more than 350,000 merchants in all 50 states. North American Bancard is also a foundation member of Automation Alley.
History
Since its inception in 1992, North American Bancard has grown into the 6th largest non-bank merchant acquirer in North America. In 2008, the Michigan Economic Development Corporation recommended the Michigan Economic Growth Authority approve a $21.5 million state tax credit to NAB. The company moved its headquarters to a building on Stephenson Hwy in fall of 2009. NAB reached 100,000 merchants in 2010, launched PayAnywhere in 2011, and acquired Inovio Payments, Rapid Capital Funding, and Electronic Payment Exchange in 2014. In 2016, NAB reached 1,000 employees for the first time. Then, in 2017, NAB again expanded its portfolio by acquiring Total Merchant Services.
Awards and nominations
Founder/CEO/President Marc Gardner received the Ernst & Young’s Entrepreneur of the Year award in 2008. 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. The American Heart Association named North American Bancard as a 2010 Fit Friendly Gold Status company for their comprehensive wellness initiatives for their employees. 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.
Current
NAB currently employs more than 1,200 people in a 100,000+ sq. ft. corporate office in Troy, MI. 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. In January 2011, North American Bancard announced the launch of PayAnywhere, a mobile payment processing solution. PayAnywhere is a mobile application and card reader accessory designed so that users can accept credit card payments on their smartphone. The product offers no setup fees, no application fees, no monthly service fees, no cancellation fees, and no monthly minimums. In 2014, NAB became a true, end-to-end payment acceptance solution after acquiring payment processor Electronic Payment Exchange. 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.
