McDonald recognized for growing Humboldt Merchant Services and Inovio Payments into influential payment players

TROY, Mich., March 12, 2020 – Adam McDonald, president of Humboldt Merchant Services and Inovio Payments, has been selected as part of the Electronic Transaction Association (ETA) 2020 Forty Under 40 class of honorees that recognizes innovative leaders and influencers in the payments industry.

ETA solicited nominations across the payments industry, in search of influential and talented professionals, under the age of 40, that are responsible for driving the new wave of evolution in the payments industry. The final group was chosen by the 2019 Forty Under 40 honorees and the ETA Awards and Recognition committee based on the individual’s overall impact on the payments industry and their professional character. The 2020 Forty Under 40 will be recognized during the 2020 TRANSACT show.

“I am extremely humbled to be included among ETA’s 2020 Forty Under 40 class,” said McDonald. “Being mentioned among this prestigious group of professionals that are charting a new course for the payments industry is an immense honor. As I look at the 2020 class of professionals, the common denominators of customer focus, innovative leadership and cunning entrepreneurial mindset abounds in each nominee. It is an honor to be among these fine industry representatives.”

McDonald began working in the payments industry during his senior year of high school by delivering rolls of paper to merchants and hanging signs at local businesses. His career has always been oriented towards delivering superior customer service, as he took roles in technical support and deployment. After practicing law for two years, McDonald took a position in the merchant cash advance industry, and then transitioned into a leadership role with Humboldt Merchant Services. In his current role, McDonald oversees the operations for both Inovio Payments and Humboldt Merchant Services where he monitors the competitive payments landscape to drive new trends, identify new market segments, and strategically guide leadership in achieving targeted growth milestones.

Humboldt Merchant Services (HBMS) and Inovio Payments (Inovio) are wholly-owned subsidiaries of North American Bancard.

To learn more about Humboldt Merchant Services, please visit If you’d like to learn about Inovio Payments, please visit

About Humboldt Merchant Services

Since 1992, Humboldt Merchant Services (HBMS) has been a preferred provider of credit card processing solutions for commonly rejected merchant types. HBMS is dedicated to providing superior credit card processing --  working directly with merchants to craft a customized payment acceptance solution tailored for their individual business needs, while offering competitive pricing and first-class service for every merchant. With its expertise and laser-focus on customer satisfaction, Humboldt Merchant Services has become the pacesetter in the hard-to-place merchant services industry. For more information, please visit

About Inovio

Inovio Payments LLC (Inovio) is guiding a payments revolution. With over 25 years of experience in the payments industry, Inovio offers a variety of payment processing solutions built on the best and most current technology possible. With a simple mission of being the finest gateway with which its merchants can partner, Inovio’s reliability, innovation and global reach have made it one of the industry’s most intelligent payment gateway. For more information, please visit

About North American Bancard

North American Bancard is re-imagining the payment experience. As a leading payment technology innovator, NAB has a diversified product platform that provides a modern end-to-end infrastructure to enable globally-preferred payment types. NAB's superior solutions deliver seamless payments experiences in mobile, online, and in-store environments. Serving hundreds of thousands of businesses and processing in excess of $45 billion in electronic payments annually, NAB delivers functional, frictionless solutions for our evolving merchant economy. For more information, please visit