![]() ![]() The company services its consumer and small business loan clients across the credit spectrum, and provide comprehensive support to bank and non-bank lenders in the United States. Led by CEO Dan Pillemer, CardWorks Servicing is a provider of operational servicing and support functions for credit card and installment loan products in North America. ![]() Dataline will, in turn, be able to grow its core business with existing clients, CWS clients and new clients, generating new opportunities.įounded in 1986 by Collin York, and led by CEO Darren York, Dataline Systems is a provider of business process outsourcing and financial services operations support to financial institutions. CardWorks Servicing will provide Dataline with resources, capabilities, and operational support to take their platform to a high level of client service. With the acquisition, Dataline brings capabilities in payment disbursement services, data reporting and analytics, and business process automation that are additive and complementary to CardWorks Servicing. The amount of the deal was not disclosed. CardWorks Servicing, a Woodbury, NY-based provider of outsourcing support services for credit card and installment loan products, acquired Dataline Systems, an Apopka, FL-based provider of business process outsourcing and financial services operations support. To learn more about Dataline, please visit. ![]() The relationships Dataline has fostered with leading financial institutions and within its team are key to what makes Dataline who it is. 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. 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. "We are excited to explore acquisitions of companies, assets, or capabilities that expand CardWorks' businesses and are in line with our vision for the future, particularly if we are lucky enough to find teams as talented as the Dataline team." "Our experience through cycles, disciplined approach to growth, and compliance-focused culture have led to the fortunate position of having a strong balance sheet and capital levels," Pillemer said. Today's acquisition also signaled a strategic shift at CardWorks to explore inorganic growth opportunities. Dataline will, in turn, be able to grow its core business with existing clients, CWS clients and new clients, generating new opportunities. CWS will provide Dataline a greater breadth of resources, capabilities, and operational support to take their platform to an even higher level of client service.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |