December 5, 2013
TROY, Mich., Dec. 5, 2013 - North American Bancard, a multifaceted merchant services company dedicated to helping American businesses prosper, announced today that they have teamed with Discover Financial Services, a direct banking and payment services company with one of the most recognized brands in U.S. financial services, to offer their brick-and-mortar merchants the ability to accept PayPal at the point of sale. This means that North American Bancard’s merchants will be able to accept PayPal and will be able to tap into PayPal’s rapidly growing customer base that has swelled to more than 55 million active customers in the U.S., more and more of whom will be using a PayPal payment card.
"Our ongoing goal is to simplify the payment processing universe for our merchants and their customers," says Marc Gardner, founder, president and CEO of North American Bancard. "That’s exactly what this new relationship with Discover and PayPal accomplishes. We’re empowering merchants to expand their revenue opportunity by accepting a new form of currency in a frictionless fashion right on their POS devices. We’re also giving PayPal customers a seamless transaction experience by offering them yet another convenient way to pay."
"North American Bancard has been a valued partner of Discover for many years," says Diane Offereins, President of Discover Payment Services. "They have shown a commitment to operating at the forefront of the transactions processing industry by offering PayPal acceptance to their merchants."
"Consumers are continuing to leverage technology to shop in new ways and PayPal is excited to collaborate with North American Bancard to offer their customers a frictionless payment experience," said Don Kingsborough, V.P. Retail, PayPal. "Their support and collaboration will help to bring the future of shopping to consumers and retailers today."
North American Bancard’s Global Data merchants will be able to start accepting PayPal at the point of sale for card-present transactions on or about December 20, 2013.
About North American Bancard
A trusted name in payment solutions since 1992, North American Bancard processes more than $13 billion in transactions for more than 250,000 merchants each year. A true all-in-one payment processor, North American Bancard provides a full spectrum of payment options including but not limited to: credit/debit card acceptance, EBT, check conversion and guarantee, gift and loyalty cards, the latest mobile solutions and more. North American Bancard is headquartered in Troy, Michigan and employs 3,000 dedicated Sales Partners and 600 Team Members.