![]() In June 2020, both companies mutually ended their planned merger, citing "unprecedented economic and market conditions resulting from the COVID-19. In February 2020, CardWorks announced that Ally Financial was acquiring it for $2.65 billion. ![]() CardWorks has 53 complaints in the last 36 months and 12 complaints over the previous year.ĬardWorks has 24/7/365 US-based customer support and has a very informative resource on its website, including blogs, training videos, and FAQs. ![]() ![]() CardWorks' top 40 executives have an average tenure at the firm of over 15 years.ĬardWorks has an A+ rating with the BBB but is not accredited by the bureau. As noted prior, nearly a fifth of the staff has been with the company for over a decade. The company has over 1,700 employees and proudly emphasizes its expertise and dedication. The company has had deep expertise with veterinary clinics and animal hospitals based on its website since its founding in 1987 in Woodbury, NY. CardWorks provides payment processing and POS solutions, along with several value-added e-Commerce services for merchants. To learn more about Dataline, please visit. The companies said in a press release Wednesday that they considered the meaningful impacts of COVID-19 on global markets and the economy when they made the decision. The relationships Dataline has fostered with leading financial institutions and within its team are key to what makes Dataline who it is. Ally Financial and CardWorks have agreed to terminate Allys 2.7 billion deal to buy the lender. Parthenon Capital Partners and Reverence Capital Partners are the most recent investors. To learn more about Merrick Bank, please visit To learn more about CardWorks, Inc., please visit About Dataline Systems, LLCĭataline Systems, LLC, which CardWorks Servicing, LLC acquired as of January 1, 2023, provides business process outsourcing and financial services operations support in a timely, accurate and cost-efficient manner. Their latest funding was raised on from a Private Equity round. Merrick Bank is a top-15 issuer of credit cards, top 15 merchant acquiring bank, and leader in the recreational vehicle lending industry. is also the parent of Merrick Bank Corporation in South Jordan, Utah. To learn more about CardWorks Servicing, LLC, please visit CardWorks Servicing, LLC, is a wholly owned subsidiary of CardWorks, Inc. Our management expertise and customized servicing solutions enable banks and financial institutions to mitigate risk, increase profitability, and support their customers. As a leading consumer firm, we service our consumer and small business loan clients across the credit spectrum, from super-prime to non-prime, and provide comprehensive support to bank and non-bank lenders in the United States. Upon closing, Dataline became a wholly-owned subsidiary of CWS.Ībout CardWorks Servicing, LLC and CardWorks, Inc.ĬardWorks Servicing, LLC is one of the largest privately held providers of end-to-end operational servicing and support functions for credit card and installment loan products in North America. The closing of the transaction was effective January 1, 2023. ![]() Our team could not be more excited about becoming part of the CardWorks family, where we see energy, excitement, enthusiasm, and a team that is committed to doing the right thing." As such, the acquisition will further strengthen our end-to-end credit card and installment loan portfolio management and servicing offerings for banks, credit unions, non-bank lenders, and asset managers."Ĭollin York, the founder of Dataline, continued, "For nearly 37 years, Dataline has partnered with financial services companies to design, develop, and implement customized business process outsourcing and financial services operations support solutions that are enabled by optimized data management. Matt Berman, Head of the Servicing Business at CardWorks, added, "Dataline has unique capabilities in payment disbursement services, data reporting and analytics, and business process automation, each of which are additive to our existing CWS capabilities. Dan Pillemer, President & Chief Executive Officer of CardWorks, said, "This transaction brings together two companies that offer best-in-class services that are highly complementary, run on values inspired by their founders and, importantly, have similar people-centric cultures focused on doing the right thing while putting customers first." ![]()
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