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Cardworks lp credit card4/5/2023 ![]() ”ĭon berman will continue to oversee the CardWorks lines of business within Ally and join Ally’s board of directors and management team following close.Īlly Financial Inc. represents for our clients, our customers, our employees and the communities in which we operate. I am extremely excited about this acquisition and what it represents. “Ally complements all of our existing consumer credit businesses, including our credit card and recreational lending businesses, as well as our merchant acquisition, third-party loan management and collections businesses. “The combination of CardWorks and Ally presents a tremendous opportunity for innovation, as we maintain a strong focus on our mission – which is to delight our clients and clients,” said Founder, President and CEO of CardWorks Don berman. Under the terms of the agreement, Merrick Bank, a wholly owned subsidiary of CardWorks, Inc., will merge into Allied bank. As a leading provider of credit and consumer credit cards with service capabilities across the credit spectrum, one of the top 20 credit card issuers in the United States and one of the top 15 merchant acquirers in the United States United, the roadmap includes expanding the Ally segment’s product offerings, as well as improving their direct deposit and consumer product platform, as well as their third-party service and recovery capabilities. This combination will provide customers with a full range of attractive secure and unsecured banking products.ĬardWorks is a privately held company headquartered in Woodbury, New York with facilities in Florida, Pennsylvania and Utah. The fence will bring together two customer-obsessed companies focused on ‘getting it right’, with a shared common vision and aligned cultural values. (NYSE: ALLY) in a transaction valued at more than $ 20.65 billion, subject to closing equity and other adjustments. (“CardWorks”), a leading consumer and consumer credit lender with a full spectrum, unsecured service platform and strong capabilities of merchant services, today announced that it has signed a definitive contract to be acquired by Ally Financial Inc. WOODBURY, New York, Febru/ PRNewswire / – Cardholder Management Services, Inc.
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