TROY, Mich., November 11, 2015 – North American Bancard (NAB), an industry leader in credit card processing and provider of the PayAnywhere point-of-sale solution, is a finalist in the Financial Services Deal of the Year (from $10M To $100M) category of the M&A Advisor Awards. The M&A Advisor is an organization dedicated to recognizing and honoring excellence and achievements among the world’s leading professional dealmakers. NAB was selected as a finalist due to the 2014 acquisition of Phoenix Payment Systems, also known as Electronic Payment Exchange (EPX). The winners of the awards, which are selected annually in several categories by the M&A Advisor, will be presented in a gala event in New York City on November 17, 2015.
“It is quite an honor to be nominated for the Financial Services of the Year Award,” said Marc Gardner, founder, president and CEO of North American Bancard. “The acquisition of EPX (Phoenix Payment Systems) has allowed NAB to acquire the technology that continues the vertical integration of becoming a complete end-to-end processor. This nomination represents months of hard work by both the NAB and EPX teams, and recognition for that hard work is very meaningful to everyone in our organization.”
The additional vertical integration that comes with being an end-to-end processor enables NAB to significantly reduce its operating costs, decrease its dependence on third party partners and gain market share. By owning the process from origination all the way through settlement of interchange, NAB has more flexibility in tailoring solutions to customers’ needs.
Founded in 1979 EPX has built a portfolio that exceeds $18 billion in annual processing volume. EPX differentiates itself in the marketplace by providing real time interchange optimization and state of the art secure transaction solutions. NAB gives EPX the sales, marketing, and customer support engine that has powered NAB to its position as a market leader, while EPX enables NAB to leverage the necessary products and skill set to pursue new and more complex market segments.
To view a detailed list of all of the Award Finalists for the 14th Annual M&A Advisor Awards, please click here.
About North American Bancard
Headquartered in Troy, Michigan, award-winning North American Bancard is an industry leader in credit card processing, providing a variety of merchant services that help client companies of all sizes develop solutions for payment processing, including credit, debit, EBT, check conversion and guarantee, gift & loyalty cards and more. As an MSP/ISO since 1992, North American Bancard is dedicated to offering the highest service levels, exceptionally competitive pricing, and the latest technology to its client companies, including Pay Anywhere, its proprietary point-of-sale (POS) solution. With over $34 billion worth of payments processed for more than 250,000 businesses every year, North American Bancard is determined to help American businesses prosper. For more information, visit http://www.nabancard.com.
Founded in 1979, EPX is a full-service credit card, debit card, stored value, and electronic check (ACH) payment transaction processor with over $18 billion in annual processing volume. Its unmatched expertise in processing security allows EPX to offer merchants the most secure and cost-effective payment processing services. As a wholly owned subsidiary of award-winning North American Bancard, one of the electronic payment processing industry’s leading solution providers, EPX will continue to research, build, implement, and support industry-leading payment processing solutions that facilitate PCI compliance, protect merchants, and enhance consumer confidence. For more information, visit http://www.epx.com.