1505 Woodward to be renamed the ‘International Bancard’ building
June 9, 2016 [DETROIT] – International Bancard, a nationally recognized and industry leading technology-focused credit card processing company, today announced plans to relocate its headquarters from Clawson, Michigan to 1505 Woodward Avenue in downtown Detroit.
1505 Woodward Avenue, an 8-story Albert Kahn-designed midrise building located on the northwest corner of Woodward Avenue and Clifford Street, has undergone extensive interior and exterior renovations. International Bancard has acquired naming rights to the building which sits along Detroit’s burgeoning technology district, known as the “Madison Block”.
“Moving to the center of the action in downtown Detroit is an important strategic decision for our growing company,” said David Iafrate, Chairman and CEO of International Bancard. “Our company is committed to providing customized payment acceptance solutions that drive business growth for all of our clients. Locating in the heart of Detroit’s thriving technology corridor will allow us to showcase our capabilities to local and national businesses and rapidly excel the growth of our business.”
Founded in 2001, International Bancard is celebrating its 15th anniversary this year and has built a reputation for exceptional 24/7 client service as well as keeping clients up-to-date with the latest credit card processing technology. Quicken Loans and its family of companies across the nation is a significant customer of International Bancard.
“International Bancard is making a meaningful, long-term commitment to Detroit which will be impactful for the city’s technology-centric growth trajectory,” said Dan Gilbert. “This is another great example of an innovative, tech-focused company moving its headquarters downtown and further evidence Detroit is quickly moving towards becoming one of the fintech centers of the country.”
1505 Woodward Avenue is also home to Detroit’s high-speed internet provider Rocket Fiber. Creative companies and entrepreneurial startups, as well as tech giants Google for Entrepreneurs, Microsoft Ventures, Twitter, Detroit Labs, StockX, RocketLoans, and numerous others have located to the exciting technology hub. International Bancard’s new offices will be surrounded by a wide variety of new restaurants and retailers along Woodward Avenue and the future route of the QLINE.
“Making the move to Detroit means so much more to me personally because I was born in the city and I grew up hearing my parents and grandparents talk about Detroit at its finest,” added Iafrate. “It gives me great joy to be part of the city’s ongoing resurgence. International Bancard is very excited to be part of the energy, creativity and continued growth in Detroit.”
Construction of the downtown offices will begin immediately. The company’s move is expected to be complete by October 2016. Detroit-based ROSSETTI is the architect on the project and Detroit-based Sachse Construction is the general contractor.
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About International Bancard
International Bancard helps businesses accept payments – credit, debit, ACH, check, and gift cards. Whether our clients serve 50 customers or host 100,000 fans, we provide payment acceptance solutions that help their businesses grow, while giving their customers a great experience. As a nationally recognized leader in the payment acceptance industry, organizations depend on International Bancard’s market insight, payment security knowledge, client care, and business relationships to help guide them toward sustainable growth. For more information visit InternationalBancard.com.
Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, leasing, financing, developing and managing commercial and residential space. Since its founding in 2011, Bedrock has located more than 160 office and retail tenants to Detroit’s technology-centric downtown. In addition, Bedrock and its affiliates have invested more than $3.5 billion in acquiring, renovating and developing 90+ properties in downtown Detroit and Cleveland totaling more than 15 million square feet.