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{{short description|Payments technology company}} |
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{{Infobox company |
{{Infobox company |
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| name = North |
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| industry = [[Financial Services]] |
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| industry = {{UBL | [[Financial services]] |[[Point of sale]] |[[Mobile payment]] }} |
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| location_country = [[United States]] |
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| key_people = Marc Gardner (CEO/President) |
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| products = Credit Card Processing, Mobile POS, Virtual Terminal, Merchant Services, Restaurant POS, Retail Point of Sale |
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| num_employees_year = 2024 |
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'''North''' is a [[fintech]] (financial technology) and payments company founded in 1992 by Marc Gardner, who serves as the company’s CEO/President. Formerly known as North American Bancard, the company rebranded as North in 2024. |
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'''North American Bancard''' (NAB) is a payments technology company that offers solutions for [[Credit (finance)|credit]], debit, [[Electronic benefit transfer|EBT]], check conversion and guarantee, ecommerce, gift & loyalty cards, and more. |
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North is headquartered in [[Troy, Michigan]], with offices and affiliations across the country. The core company employs more than 1,300 people, boasts a network of over 3,000 sales partners, and works with over 350,000 merchants throughout the U.S.<ref name=":0">{{Cite web |title=North is our ideal payment solutions company {{!}} North |url=https://www.north.com/company/about/who-we-are |access-date=2024-08-05 |website=www.north.com |language=en}}</ref> In addition, the company works closely with top technology developers and ISVs (independent software vendors) to provide customized solutions for their partners and customers. |
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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.<ref>{{cite web|url=http://www.nabancard.com/aboutus |title=North American Bancard About Us |publisher=Nabancard.com |date= |accessdate=2018-06-14}}</ref> 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.<ref>{{cite web|url=http://www.prweb.com/releases/2018/04/prweb15378887.htm |title=North American Bancard and Mediaplanet Partner to Support Retailers in 2018 in 2nd Annual Future of Retail Campaign |publisher=Vocus PRW Holdings, LLC |date= |accessdate=2018-06-14}}</ref> |
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North provides technologies in credit, debit, EBT, check conversion and guarantee, ATM, gift and loyalty programs, and [[Online payment|online payments]]. The company processes more than $100 billion per year in electronic transactions across America.<ref name=":0" /> |
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North American Bancard is also a foundation member of Automation Alley. |
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North is also a founding member of Automation Alley, a nonprofit technology business association focused on business growth through innovation and automation.<ref>{{Cite web |title=Automation Alley - Michigan's Industry 4.0 Knowledge Center |url=https://www.automationalley.com/ |access-date=2024-08-05 |website=www.automationalley.com}}</ref> |
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==History== |
==History== |
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Since 1992, North has grown into the sixth-largest independent, non-bank merchant acquirer in [[North America]].<ref name=":0" /> |
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[[File:250 Stephenson-2.JPG|thumb|New corporate headquarters]] |
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Since its inception in 1992, North American Bancard has grown into the 6th largest non-bank merchant acquirer in North America.<ref>{{cite web|url=https://www.devprojournal.com/sponsors/north-american-bancard/) |title=North American Bancard|publisher=DevPro Journal |accessdate=2018-06-14}}</ref> 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.<ref>{{cite web|url=http://www.themedc.org/News-Media/Press-Releases/Detail.aspx?ContentId=34e22ba5-6a3f-44be-81bd-87536327e6c5 |title=Michigan Economic Development Corporation |publisher=Themedc.org |date= |accessdate=2013-03-26}}</ref> The company moved its headquarters to a {{convert|105000|sqft|m2|adj=on}} building on Stephenson Hwy in fall of 2009.<ref>{{cite web|url=http://www.crainsdetroit.com/article/20091109/FREE/911099974 |title=North American Bancard moves into new Troy HQ | Crain's Detroit Business |publisher=Crainsdetroit.com |date=2009-11-09 |accessdate=2013-10-14}}</ref> 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.<ref>{{cite web|url=https://www.paymentssource.com/news/nab-holdings-closes-purchase-of-total-merchant-services |title=NAB Holdings closes purchase of Total Merchant Services|publisher=PaymentsSource.com |date=2017-07-11|accessdate=2018-06-14}}</ref> |
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In 2008, the Michigan Economic Development Corporation (MEDC) recommended that the Michigan Economic Growth Authority (MEGA) approve a $21.5 million state tax credit to North.<ref>{{Cite web |title=All the Latest MEDC News {{!}} Michigan Business |url=https://www.michiganbusiness.org/news/ |access-date=2024-08-05 |website=Michigan Economic Development Corporation (MEDC) |language=en}}</ref> |
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==Awards and nominations== |
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| ⚫ | Founder/CEO/President Marc Gardner received the Ernst & Young’s Entrepreneur of the Year award in 2008.<ref>{{ |
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The following year, 2009, the company moved its headquarters to a 105,000-square-foot (9,800 m<sup>2</sup>) building in Troy, MI.<ref>{{Cite news |last=Duggan |first=Daniel |date=November 9, 2009 |title=North American Bancard moves into new Troy HQ |url=https://www.crainsdetroit.com/article/20091109/FREE/911099974/north-american-bancard-moves-into-new-troy-hq}}</ref> |
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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.<ref>{{cite web|url=https://www.prlog.org/10320275-marc-gardner-guest-panelist-at-mackinac-policy-conference.html |title=Marc Gardner Guest Panelist at Mackinac Policy Conference |publisher=PRLog |date=2009-08-24 |accessdate=2018-06-14}}</ref> |
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In 2010, the company acquired public-sector-payment company Point & Pay, as well as merchant services technology provider CDI Tech.<ref name=":0" /> |
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In January 2011, North announced the launch of [[PayAnywhere|Payanywhere]], a mobile payment processing tool. The acquisition of payment services company Velocity occurred in 2013.<ref name=":0" /> |
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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. |
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| ⚫ | In 2014, the company acquired payment processor Electronic Payment Exchange.<sup>[9]</sup> In June 2015, North announced the launch of the newest version of its [[PayAnywhere|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.<ref>{{Cite news |title=North American Bancard Acquires Electronic Payment Exchange (EPX) |url=https://www.businesswire.com/news/home/20141024005068/en/North-American-Bancard-Acquires-Electronic-Payment-Exchange}}</ref> |
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North American Bancard was named ETA ISO of the Year in 2014.<ref>{{cite web|url=http://www.greensheet.com/North-American-Bancard/Harbortouch/node=displayFeaturedContent&action=22 |title=When the ETA talks, people listen! |publisher=greensheet.com |accessdate=2018-06-14}}</ref> |
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2014 also saw the launch of the Payanywhere Storefront, and the acquisition of Rapid Capital Funding, Electronic Payment Exchange, and Argus Payments (which changed its name to Inovio in 2016). |
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==Current== |
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NAB currently employs more than 1,200 people in a 100,000+ sq. ft. corporate office in Troy, MI.<ref>{{cite web|url=http://www.nabancard.com/aboutus |title=North American Bancard About Us |publisher=Nabancard.com |date= |accessdate=2018-06-14}}</ref> |
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In 2016, North reached 1,000 employees for the first time. In 2017, the company acquired Total Merchant Services. Hospitality payment service provider SALIDO was acquired in 2019. |
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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.<ref>{{Cite web|url = http://www.crainsdetroit.com/article/20100808/SUB01/308089965/business-diary|title = Business Diary|date = |accessdate = |website = Crain's Detroit Business|publisher = Crain's|last = |first = }}</ref> |
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Growth and acquisitions continued in the new decade, with the acquisition of HMSKC in 2020; the acquisition of Signature Payments and B2B gateway provider PayTrace occurred the following year. 2021 was also the year that North launched its signature Developer Portal, an online tool for the sourcing and crafting of bespoke software solutions. In 2022, North added CardWorks Acquiring (CWA) to its roster.<ref name=":0" /> |
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In January 2011, North American Bancard announced the launch of PayAnywhere, a mobile payment processing solution.<ref>{{Cite web|title = PayAnywhere Offers New Mobile Credit Card Reader for Apple Pay|url = http://hospitalitytechnology.edgl.com/news/PayAnywhere-Offers-New-Mobile-Credit-Card-Reader-for-Apple-Pay102069|website = hospitalitytechnology.edgl.com|accessdate = 2015-11-16}}</ref> 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.<ref>{{cite web|url=http://www.facebook.com/note.php?note_id=128456950553707 |title=Sell Anything Anywhere With "Pay Anywhere" Free iPhone App & Reader from North American Bancard |publisher=Facebook |date=2011-01-17 |accessdate=2013-03-26}}</ref> In 2014, NAB became a true, end-to-end payment acceptance solution after acquiring payment processor Electronic Payment Exchange.<ref>{{cite web|url=https://www.businesswire.com/news/home/20141024005068/en/North-American-Bancard-Acquires-Electronic-Payment-Exchange |title=North American Bancard Acquires Electronic Payment Exchange (EPX) |publisher=Business Wire |date=2014-10-24 |accessdate=2018-06-14}}</ref> |
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== Recognition == |
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| ⚫ | In June 2015, North |
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| ⚫ | Founder/CEO/President Marc Gardner received the Ernst & Young’s Entrepreneur of the Year award in 2008.<ref>{{Cite news |last=Boyd |first=Leah |date=June 13, 2008 |title=Entrepreneur of the Year winners announced |url=https://www.crainsdetroit.com/article/20080613/SUB/872254891/entrepreneur-of-the-year-winners-announced}}</ref> |
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| ⚫ | September of 2023 brought North honors at ''Corp!'' magazine’s Salute to Diversity Awards. The ceremony put a spotlight on organizations that champion diversity, equity, and inclusion initiatives and achievements.<ref>{{Cite web |last=Blanchard |first=Richard |date=2012-10-10 |title=Wellness Program Champions Reap Benefits of a Culture of Health {{!}} Corp! Magazine |url=https://www.corpmagazine.com/features/cover-stories/wellness-program-champions-reap-benefits-of-a-culture-of-health/ |access-date=2024-08-05 |website=www.corpmagazine.com |language=en-US}}</ref> |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist}} |
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==External links== |
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*[http://www.nabancard.com Official North American Bancard site] |
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*[http://blog.nabancard.com North American Bancard blog] |
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*[http://www.linkedin.com/companies/north-american-bancard North American Bancard LinkedIn] |
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*[http://www.pointandpay.com/ Point and Pay site] |
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*[http://www.payanywhere.com/ Pay Anywhere site] |
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*[http://www.totalmerchantservices/ Total Merchant Services Site] |
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*[http://www.epx.com/ Electronic Payment Exchange site] |
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*[http://www.nabvelocity.com/ Velocity site] |
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*[http://www.inoviopay.com/ Inovio Payments site] |
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*[http://www.hbms.com/ Humboldt Merchant Services site] |
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*[http://www.cditech.com/ CDI Technology site] |
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*[http://www.rapidcapitalfunding.com/ Rapid Capital Funding site] |
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*[http://www.moneymachinellc.com/ Money Machine site] |
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*[http://www.gonab.com/ North American Bancard Agents & ISO's] |
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*[http://www.yelp.com/biz/north-american-bancard-troy-3 Yelp Reviews] |
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*[http://www.glassdoor.com/Overview/Working-at-NAB-EI_IE347746.11,14.htm Glassdoor Working at North American Bancard] |
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*[http://www.merchantmaverick.com/reviews/north-american-bancard-review Merchant Maverick Review] |
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*[http://www2.northamericanbancard.com/landing/?source=31671.1 North American Bancard Simple Setup] |
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[[Category:Companies based in Troy, Michigan]] |
[[Category:Companies based in Troy, Michigan]] |
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[[Category:Credit cards]] |
[[Category:Credit cards]] |
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[[Category:Payment service providers]] |
[[Category:Payment service providers]] |
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[[Category:1992 establishments in Michigan]] |
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[[Category:Technology companies established in 1992]] |
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[[Category:Financial services companies of the United States]] |
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[[Category:Financial services companies established in 1992]] |
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Latest revision as of 15:58, 5 December 2024
| 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 | 1,300 (2024) |
| Website | www |
North is a fintech (financial technology) and payments company founded in 1992 by Marc Gardner, who serves as the company’s CEO/President. Formerly known as North American Bancard, the company rebranded as North in 2024.
North is headquartered in Troy, Michigan, with offices and affiliations across the country. The core company employs more than 1,300 people, boasts a network of over 3,000 sales partners, and works with over 350,000 merchants throughout the U.S.[1] In addition, the company works closely with top technology developers and ISVs (independent software vendors) to provide customized solutions for their partners and customers.
North provides technologies in credit, debit, EBT, check conversion and guarantee, ATM, gift and loyalty programs, and online payments. The company processes more than $100 billion per year in electronic transactions across America.[1]
North is also a founding member of Automation Alley, a nonprofit technology business association focused on business growth through innovation and automation.[2]
History
[edit]Since 1992, North has grown into the sixth-largest independent, non-bank merchant acquirer in North America.[1]
In 2008, the Michigan Economic Development Corporation (MEDC) recommended that the Michigan Economic Growth Authority (MEGA) approve a $21.5 million state tax credit to North.[3]
The following year, 2009, the company moved its headquarters to a 105,000-square-foot (9,800 m2) building in Troy, MI.[4]
In 2010, the company acquired public-sector-payment company Point & Pay, as well as merchant services technology provider CDI Tech.[1]
In January 2011, North announced the launch of Payanywhere, a mobile payment processing tool. The acquisition of payment services company Velocity occurred in 2013.[1]
In 2014, the company acquired payment processor Electronic Payment Exchange.[9] In June 2015, North 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.[5]
2014 also saw the launch of the Payanywhere Storefront, and the acquisition of Rapid Capital Funding, Electronic Payment Exchange, and Argus Payments (which changed its name to Inovio in 2016).
In 2016, North reached 1,000 employees for the first time. In 2017, the company acquired Total Merchant Services. Hospitality payment service provider SALIDO was acquired in 2019.
Growth and acquisitions continued in the new decade, with the acquisition of HMSKC in 2020; the acquisition of Signature Payments and B2B gateway provider PayTrace occurred the following year. 2021 was also the year that North launched its signature Developer Portal, an online tool for the sourcing and crafting of bespoke software solutions. In 2022, North added CardWorks Acquiring (CWA) to its roster.[1]
Recognition
[edit]Founder/CEO/President Marc Gardner received the Ernst & Young’s Entrepreneur of the Year award in 2008.[6]
September of 2023 brought North honors at Corp! magazine’s Salute to Diversity Awards. The ceremony put a spotlight on organizations that champion diversity, equity, and inclusion initiatives and achievements.[7]
References
[edit]- ^ a b c d e f "North is our ideal payment solutions company | North". www.north.com. Retrieved 2024-08-05.
- ^ "Automation Alley - Michigan's Industry 4.0 Knowledge Center". www.automationalley.com. Retrieved 2024-08-05.
- ^ "All the Latest MEDC News | Michigan Business". Michigan Economic Development Corporation (MEDC). Retrieved 2024-08-05.
- ^ Duggan, Daniel (November 9, 2009). "North American Bancard moves into new Troy HQ".
- ^ "North American Bancard Acquires Electronic Payment Exchange (EPX)".
- ^ Boyd, Leah (June 13, 2008). "Entrepreneur of the Year winners announced".
- ^ Blanchard, Richard (2012-10-10). "Wellness Program Champions Reap Benefits of a Culture of Health | Corp! Magazine". www.corpmagazine.com. Retrieved 2024-08-05.