Girish Mahajan (Editor)

North American Bancard

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Type  Private
Owner  Marc Gardner
Number of employees  1,000
Industry  Financial Services
Founded  1992
Parent organization  NAB Holdings LLC
North American Bancard wwwmobilitywirecomwpcontentuploads201207no
Headquarters  Troy, Michigan, United States
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North american bancard credit card processing and merchant account services


North American Bancard (NAB) is a credit card processing company that offers solutions for credit, debit, EBT, check conversion and guarantee, gift & loyalty cards and more.

Contents

Founded in 1992 by CEO/President Marc Gardner, it is headquartered in Troy, Michigan. Its corporate office employs more than 900 people and there are more than 3,000 sales partners 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 $34 billion per year in electronic transactions for more than 250,000 merchants in all 50 states.

North American Bancard is also a foundation member of Automation Alley.

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History

Since its inception in 1992, North American Bancard has grown into one of the top 50 largest merchant acquirers in the U.S. 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 105,000-square-foot (9,800 m2) building on Stephenson Hwy in fall of 2009.

Awards and nominations

Marc Gardner received the Ernst & Young’s Entrepreneur of the Year award in 2008.

North American Bancard was featured a 2002 Green Sheets article and in 2009, founder/CEO/President Marc Gardner was named to Green Sheet Quarterly’s Who’s Who.

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.

Current

NAB currently employs more than 900 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.

As part of Gardner’s effort to “expand our established commitment to putting the customer first,” North American Bancard launched a redesigned corporate website in June 2010. The new website was expanded to 200+ pages of content and updated to “create a clear, strong, and relevant brand identity for North American Bancard”.

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 June 2015, North American Bancard announced the launch of the newest version of its PayAnywhere Mobile credit card reader. This version is compatible with iOS devices.

References

North American Bancard Wikipedia


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