4/16/2023 0 Comments Cardworks acquiring![]() CardWorks provides servicing operations and portfolio management to bank and non-bank consumer and small business lenders through CardWorks Servicing, LLC and Carson. The transaction is subject to regulatory approval and closing conditions, and is expected to close in the third quarter of 2020. Founded in 1987, CardWorks is a diversified consumer finance and payments company, operating three principal lines of business: Servicing, Lending, and Merchant Acquiring. Associates Nathan Baum, Blake Schell, RuiHui Yu, and Jonathan Rhein also provided valuable assistance. CardWorks has always been a people-based business, said Don Berman. The culture of CardWorks is founded on a commitment to integrity and has established a positive environment through its distinguished management philosophy- one that encourages accountability, open communication and an innate desire for continuous improvement. CardWorks, with over 3.5 billion in assets, is a leading consumer lender, merchant acquiring bank, and loan servicer to regulated financial institutions and non-bank lenders. At CardWorks, we pride ourselves on providing the very best end-to-end customer experience and support services. IP partner Mehdi Ansari is advising on intellectual property issues, and partner Eric Wang is advising on tax matters. Don Berman, Founder and CEO of CardWorks, will maintain his majority control of the company. Partner Marc Trevino and special counsel Rebecca Coccaro are advising on executive compensation matters. CardWorks Design, Create & Print Business Cards Free with CardWorks CardWorks Acquiring CardWorks Reviews Glassdoor. The S&C team advising Ally in this matter is led by financial services partners Mitch Eitel and Andrew Gerlach. Upon completion of the transaction, Ally will provide over 11 million customers in all 50 states with secured and unsecured banking products. The acquisition will further diversify Ally's product offerings, adding an established credit card platform as well as a full-spectrum servicing and recovery operation and a nationwide merchant acquiring business. S&C is advising Ally Financial, a leading digital financial services company, in its $2.65 billion acquisition of CardWorks, a non-prime credit card and consumer finance lender. CardWorks Acquiring - Merchant Services Oct 2008 - Jun 20101 year 9 months Education Florida State University - College of Business Bachelor of Science (B.S.)Finance 2002 - 2007 Activities and. CardWorks Acquiring - Merchant Services May 2008 - Present14 years 4 months Syosset, New York, United States Director of Sales American Express Jan 1998 - Apr 200810 years 4 months New York City. Challenge 1 in your CBD Business: We are the LARGEST High Risk processor in. S&C Advises Ally Financial in $2.65B Acquisition of CardWorks CardWorks Acquiring can help Finding Merchant Services that you can rely on.
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