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.About 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. 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."ĬWS will provide Dataline a greater breadth of resources, capabilities, and operational support to take their platform to an even higher level of client service. 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. Financial terms of the transaction were not disclosed.ĭan 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." Founded in 1986, Dataline is an Apopka, Fla.-based privately-held provider of business process outsourcing and financial services operations support. ("CardWorks") and one of the largest privately-held providers of end-to-end outsourcing support services for credit card and installment loan products in North America, today announced it has successfully completed the acquisition of Dataline Systems, LLC ("Dataline"). 3, 2023 /PRNewswire/ - CardWorks Servicing, LLC ("CWS"), a wholly-owned subsidiary of CardWorks, Inc. Dataline brings unique capabilities in payment disbursement services, data reporting and analytics, and business process automation that are additive and complementary to CardWorks Servicing
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