North American Bancard

What North American Bancard does

North American Bancard is a US-based payment processing company founded in 1992 and headquartered in Troy, Michigan. The company operates as a registered Independent Sales Organization (ISO) of three acquiring banks (BMO Harris Bank N.A., Fresno First Bank, and Citizens Bank N.A.), which authorizes it to provision merchant accounts and process credit and debit card transactions on their behalf. North American Bancard targets small and mid-sized businesses with a family of payment products branded primarily under the PayAnywhere label, including the PAX E700 Smart POS+, PAX E600 Smart Flex, PAX A920 Smart Terminal, and Smart Pinpad Pro, alongside traditional credit card terminals, mobile payment solutions, and online/e-commerce payment gateway capabilities.

Underlying technology is assembled rather than proprietary: the company runs on top of established processor platforms (Global Payments, EPX, First Data), uses PAX-manufactured EMV/NFC-enabled hardware preloaded with the PayAnywhere app, and exposes business-intelligence, inventory management, tipping, and split-billing features through standard POS software. No public API, SDK, or developer portal is described. There is no evidence of proprietary AI/ML capability.

North American Bancard earns revenue primarily from transaction fees on payment processing, supplemented by equipment placement (hardware is offered free, monetized through ongoing processing volume) and revenue-sharing arrangements with white-label partners. Four pricing models are offered: flat rate, interchange plus (markup of approximately 0.30% + $0.15 per transaction), tiered (starting at 1.39% + $0.10), and the Edge cash discount/dual pricing program. Go-to-market is overwhelmingly channel-driven, relying on a network of ISOs, independent sales agents, and white-label resellers, with secondary direct-to-merchant acquisition through the company website and phone sales.

Name

North American Bancard

Legal name

North American Bancard

Website

https://northamericanbancard.pro

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

North American Bancard is a US payment processor founded in 1992 that provides credit card processing, PayAnywhere-branded POS systems, and mobile/online payment solutions to small and mid-sized businesses, distributed primarily through ISO agents, white-label partners, and direct sales.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Merchant Acquiring Banks & ISO/MSP Acquirers (FSAMABAB)

akta.pro secondary industry

Card-Present Acquirers (Retail & POS Focus) (FSAMABAC)

Keywords

• Credit card processing
• Merchant services
• POS terminal systems
• Payment processing services
• Mobile payment solutions

Headquarters

HQ city

Troy

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing Transaction Fees: North American Bancard earns revenue by charging merchants transaction fees for processing credit card and debit card payments. The fees vary based on the pricing model chosen (flat rate, interchange plus, tiered, or dual pricing/cash discount). Partners (ISOs and agents) earn residual income based on transaction volume processed through their merchant clients.
2. POS Equipment and Software: The company provides free POS equipment placement to merchants, with revenue generated through ongoing transaction processing rather than upfront hardware sales.
3. White Label Partnership Programs: Partners can rebrand and resell North American Bancard's payment processing services under their own brand name, earning revenue through transaction fees and potentially revenue sharing arrangements.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

North American Bancard provides credit and debit card payment processing to merchants, supplied through free placement of POS hardware (PAX E700 Smart POS+, PAX E600 Smart Flex, PAX A920 Smart Terminal, Smart Pinpad Pro), the PayAnywhere mobile and online payment applications, and a white-label platform that resells the same processing infrastructure to ISOs and merchant service providers. The company supports multiple pricing structures (flat rate, interchange plus, tiered, and cash discount/dual pricing) and operates as a registered ISO of BMO Harris Bank N.A., Fresno First Bank, and Citizens Bank N.A.

Product overview

North American Bancard is a payment technology company that has operated since 1992, providing a comprehensive family of payment products for small and mid-sized businesses. The company's offerings include the PayAnywhere brand of POS solutions (PAX E700 Smart POS+, PAX E600 Smart Flex, PAX A920 Smart Terminal, and Smart Pinpad Pro), credit card terminals, mobile payments, online payments (virtual terminal and eCommerce), and multiple pricing structures (Flat Rate, Interchange Plus, Tiered Rate, and Edge Cash Discount/Dual Pricing programs). They also provide white label payment processing solutions for ISOs and merchant service providers, along with an ISO Agent Program for independent sales agents. North American Bancard operates as a registered ISO of BMO Harris Bank N.A., Fresno First Bank, and Citizens Bank N.A.

Differentiator

Problem solved

Functional benefit

Brands

• PayAnywhere: Family of payment technology products including POS systems, mobile payments, and online payment solutions
• Edge

Products and services

• PayAnywhere Smart POS Solutions Suite of PayAnywhere-branded POS systems and credit card terminals (including PAX E700 Smart POS+, PAX E600 Smart Flex, PAX A920 Smart Terminal, and Smart Pinpad Pro) for small and mid-sized merchants to accept card-present EMV, NFC contactless, and magstripe payments.
• PAX E700 Smart POS+ Tablet-based countertop point of sale system with 12.5-inch Android touchscreen, EMV chip / NFC contactless / magstripe reader, front and back cameras for barcode scanning, 4.3-inch customer-facing touchscreen, built-in thermal printer, and 4G plus WiFi connectivity. Comes preloaded with the PayAnywhere app and is offered on free placement to merchants.
• PAX E600 Smart Flex Flexible mobile POS terminal from the PAX Smart Flex line, designed for merchants that need portable payment acceptance on the go.
• PAX A920 Smart Terminal Smart payment terminal that enables merchants to accept credit, debit, and contactless card payments with modern processing technology.
• PAX Smart Pinpad Pro PIN pad device for secure PIN-based card transactions at the point of sale.
• Credit Card Terminals Free credit card terminal hardware for merchants to accept card-present payments, deployed by North American Bancard as part of its merchant payment processing services.
• Mobile Payments Mobile payment processing solutions that allow merchants to accept card payments on smartphones and tablets via the PayAnywhere mobile technology.
• Online Payments Virtual terminal, recurring billing, and eCommerce payment gateway solutions that enable merchants to accept online card payments.
• White Label Payment Processing White-label payment processing platform that lets ISOs and merchant service providers offer credit/debit card processing, mobile payments, virtual terminals, eCommerce solutions, recurring billing, and fraud prevention under their own brand, with revenue sharing.
• ISO Agent Program Program that enables agents and Independent Sales Organizations to register as ISOs, sell North American Bancard's credit card processing services, and earn commissions plus residual income from their merchant accounts.
• Edge Program (Cash Discount / Dual Pricing) Dual pricing and cash discount program under which merchants offer cash buyers a discount while credit card paying customers pay the listed price, effectively passing processing fees to card users and lowering the merchant's processing costs.

Quantifiable outcome

• 4% cash discount available for customers paying with cash under Edge program
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• Global PaymentscoreTechnology or IntegrationNorth American Bancard offers merchant accounts powered by Global Payments platform, providing agents and merchants access to Global Payments' processing infrastructure and technology.
• First DatacoreTechnology or IntegrationMerchant accounts available through First Data platform, enabling North American Bancard partners to utilize First Data's processing capabilities and merchant services infrastructure.
• EPXsupportingTechnology or IntegrationNorth American Bancard provides EPX-powered merchant accounts as part of their multi-platform offering, giving merchants flexibility in processing platform choice.
• PAX TechnologysupportingTechnology or IntegrationNorth American Bancard offers PAX-branded POS hardware including the PAX E700 Smart POS+ and PAX E600 Smart Flex terminals, integrating PAX hardware with their payment processing platform.

Scale indicators2 records

Recent moves1 record

Expansion highlights4 records

Direct peers

• Shift4 Payments: Integrated payments and POS provider serving merchants with card-present and e-commerce processing, closely mirroring NAB's product mix and target market.
• Block (Square): Provides SMB card processing, POS hardware/software, and flat-rate pricing to the same small-business customers NAB serves.
• Heartland Payment Systems: Merchant services provider using a direct and agent salesforce to sell processing and POS to SMBs, comparable to NAB's model.
• Stax Payments: Payment processor offering flexible pricing and POS solutions to SMBs, competing head-to-head with NAB on transparent-pricing positioning.
• Payroc: ISO/payments company distributing merchant acquiring and POS through agents and white-label partners, directly analogous to NAB.
• Priority Technology Holdings: US merchant acquirer built on an ISO/agent and reseller distribution model nearly identical to NAB's channel-partner approach.

Broad incumbents

• Global Payments: Large merchant acquirer and processing platform; NAB both competes with and boards merchants on Global Payments, overlapping directly in SMB acquiring.
• Fiserv (Clover): Global payments and merchant acquiring giant whose Clover POS targets the same SMB card-present segment as NAB's PayAnywhere smart POS.
• Paysafe: Global payments provider offering merchant acquiring, e-commerce, and processing that overlaps with NAB's payment-solution suite.

Emerging players

• Toast: Restaurant-focused integrated POS and payments platform overlapping with NAB's POS/hospitality features (tipping, split billing) for SMB merchants.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nabancardinc
• Facebookfacebook.com/gonabancard
• LinkedInlinkedin.com/company/north-american-bancard---merchant-services

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North American Bancard