North American Bancard (NAB) is a payments technology company founded in 1992 by CEO/President Marc Gardner, it is headquartered in

Troy, Michigan Troy is a city in Oakland County, Michigan, United States. Its population was 87,294 at the 2020 U.S. census, making Troy the most populous city in the county and the 13th most-populous municipality in the state. Troy is a northern suburb of Me ...

. Its corporate office employs more than 1,200 people, plus, another 3,000 sales partners located throughout the U.S. 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. 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 (MEDC) recommended the Michigan Economic Growth Authority (MEGA) 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. In 2017, NAB acquired 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. In 2014, NAB acquired 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. In March 2022, it was announced North American Bancard has acquired the

Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered o ...

-headquartered B2B payment gateway provider, PayTrace.

References

{{Reflist Companies based in Troy, Michigan Companies established in 1992 Credit cards Payment service providers 1992 establishments in Michigan Technology companies established in 1992 Financial services companies of the United States Financial services companies established in 1992