North American Bancard continues its growth, adding 50 new employees this year and moving into a bigger and better headquarters in Troy this month.
About 300 people and 5-10 interns work at its new $25 million headquarters at the corner of Stephenson Highway and 14 Mile Road. That rate of growth is expected to continue next year as the firm continues to fill out its new 105,000 square feet of space.
“We’re continually growing, so it’s pretty steady,” says Danielle Crane, director of human resources at North American Bancard.
The firm, founded in 1992, is a leader in the electronic payments industry. It creates credit card e-commerce technology, both hardware and software. If you swipe your debit or credit card, then there is a good chance you’re using North American Bancard products.
North American Bancard processes more than $5 billion annually from 90,000 active customers as of 2008. It recently received a $21.5 million tax credit over 12 years to create 1,500 new jobs in the state.
Source: Danielle Crane, director of human resources at North American Bancard
Writer: Jon Zemke