North American Bancard
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.
- Company typePrivate
- Founded1992
- HeadquartersTroy, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
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.
North American Bancard firmographics
Firmographics- 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
North American Bancard industry classification
Industry- 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
Where North American Bancard is headquartered
LocationHeadquarters
- HQ city
- Troy
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
North American Bancard business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Single flat rate for all transaction types |
| Transaction based/ take rate | Monthly | Interchange Plus transparent pricing model |
| Transaction based/ take rate | Monthly | Three-tier pricing structure (Qualified, Mid-Qualified, Non-Qualified) |
| Transaction based/ take rate | Pay-as-you-go | Edge Program - Dual Pricing/Cash Discount |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
North American Bancard product offering
Product offeringCore 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
Companies that use North American Bancard
Customer profileSegments2 records
Ideal customer profiles2 records
North American Bancard technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature7 records
North American Bancard partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and supporting.
- Global PaymentscoreNorth American Bancard offers merchant accounts powered by Global Payments platform, providing agents and merchants access to Global Payments' processing infrastructure and technology.
- First DatacoreMerchant accounts available through First Data platform, enabling North American Bancard partners to utilize First Data's processing capabilities and merchant services infrastructure.
- EPXsupportingNorth American Bancard provides EPX-powered merchant accounts as part of their multi-platform offering, giving merchants flexibility in processing platform choice.
- PAX TechnologysupportingNorth 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
North American Bancard competitors and assessment
Company assessmentDirect 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
North American Bancard social profiles
Digital presenceNorth American Bancard financial estimates
Financial estimateRevenue estimate
Valuation estimate
North American Bancard leadership team
Management profileNumber of profiles
North American Bancard funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
North American Bancard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about North American Bancard
What does North American Bancard do?
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.
Is North American Bancard a public or private company?
North American Bancard is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was North American Bancard founded?
North American Bancard was founded in 1992. It employs 1,001 to 5,000 people.
Where is North American Bancard based?
North American Bancard is headquartered in Troy, United States, in the North America region.
How does North American Bancard make money?
Three revenue lines are on record. Payment Processing Transaction Fees are the primary driver. The others are POS Equipment and Software and white Label Partnership Programs.
Who are North American Bancard's main competitors?
Direct peers on record are Shift4 Payments, Block (Square), Heartland Payment Systems, Stax Payments, Payroc and Priority Technology Holdings. Broad incumbents are Global Payments, Fiserv (Clover) and Paysafe. Toast is listed as an emerging player.
Does North American Bancard have an API?
No public API is recorded for North American Bancard.
What industry is North American Bancard in?
North American Bancard's product category is Payment Processing Services. Its primary akta.pro industry code is FSAMABAB, Merchant Acquiring Banks & ISO/MSP Acquirers, with a secondary code of FSAMABAC, Card-Present Acquirers (Retail & POS Focus). Its NAICS code is 522320.