North American Bancard (NAB), an industry leader in credit card processing and provider of the PayAnywhere Storefront and mobile point-of-sale solutions, has been named one of Corp! Magazine’s Michigan’s Economic Bright Spots for 2015. The award is presented annually to those standout Michigan-based companies that find themselves thriving even in difficult economic circumstances, and that best exemplify the innovation and entrepreneurial spirit that make Michigan a great place for businesses. Corp! Magazine recently presented NAB and the other honorees with their awards during a breakfast event at the VisTaTech Center on the campus of Schoolcraft College in Livonia, Mich.
Corp! Magazine chose NAB as a Michigan Economic Bright Spot for its flexibility and innovation within the payments industry, as well as its decision to stay in Michigan during the recent economic downturn, a choice that has provided NAB with a strong foundation to cultivate and sustain growth. NAB’s three most recent acquisitions, Electronic Payment Exchange (EPX), Argus Payments and Rapid Capital Funding, have enabled the company to boost its business and continue to thrive.
“Leaving Michigan during the economic downturn was never a consideration,” said Marc Gardner, founder, president and CEO of North American Bancard. “I founded North American Bancard in Troy in 1992 and we’ve been here ever since. Over the years we’ve implemented strategies that have helped us to not just survive, but thrive. Today we’re better than ever. We employ some of the best minds in the payments and credit card processing industries, and are always looking to hire those who will help make NAB one of the best companies not only in Michigan, but in the industry, as well.”
Gardner believes that the acquisitions NAB made last year have positioned the company to become stronger and experience even more growth. “The acquisition of EPX has allowed NAB to become an end-to-end processor, which significantly decreased our operating costs and the merchant’s cost of doing business with us,” Gardner said. “Our other acquisitions, Argus Payments and Rapid Capital Funding, have given us more flexibility to tailor solutions to our customers’ needs.”