The firm plans to open what it calls a ‘centre of excellence’ in the city. The Michigan-headquartered company said the Limerick site will be responsible for the development of risk management products and services.

This will include a risk management platform for payment providers and financial institutions.

The jobs available at the company’s new Irish base will focus on areas such as product management and UX design. NAB is also searching for front and back-end developers, engineers and data scientists.

Founded in 1992, NAB offers infrastructure to allow different payment types. It works with hundreds of thousands of businesses across the world and processes more than $100bn (€93bn) each year in electronic transaction volume.

NAB employs around 1,300 people globally.

“It is fantastic to begin our journey on establishing a presence in Ireland, and specifically in the Limerick region,” the company’s chief risk officer Christopher Mascaro said.

“This establishes a specialist R&D facility with a keen focus on addressing the global issue of payments fraud.”

The new centre was supported by IDA Ireland, the State’s inward investment agency.

“North American Bancard’s decision to establish operations in Limerick is a significant and ambitious addition to the thriving technology-led cluster of companies in the mid-west,” IDA executive director Mary Buckley said.

“This move underscores the region’s exceptional talent and technical capabilities, further elevating its profile as a hub for payments investments and advanced R&D initiatives,” she added.

Enterprise Minister Peter Burke said the mid-west region has the “optimum level of skills and talent” required by the US company.

In April, US healthcare services company Carelon Global Solutions announced plans to create a further 100 jobs at its Irish R&D centre in Limerick.

American telco Verizon also said late last year it would establish a global centre of excellence in the city.

The organisation provides both enterprise and consumer communications, as well as technology services.

The company reported at the time that the opening of the centre would create more than 400 jobs over two years, with the initiative supported by the IDA.