CardWorks

CardWorks is a diversified consumer finance service provider offering end-to-end operational servicing for credit card and installment loan products. The company also functions as a credit card issuer and a merchant acquirer, providing a comprehensive suite of services that includes primary servicing, backup servicing, and post-charge-off recovery solutions. Through its subsidiaries like Merrick Bank and CardWorks Servicing, it facilitates consumer lending, recreational lending, and payment processing services for businesses.

Don Berman founded CardWorks in 1987, establishing it as a privately held entity dedicated to providing extensive operational support and portfolio management for credit card and installment loan products. Berman’s initial insight focused on the growing need for robust and specialized servicing capabilities within the consumer finance industry, which led to the company's development into a significant provider in North America.

The company serves a broad customer base, including consumers seeking general purpose, secured, or recreational loans, and businesses requiring merchant acquiring and payment processing services. CardWorks also provides critical operational and backup servicing functions for capital providers and trustees. Its long-term vision centers on building trusted relationships through problem-solving and connecting individuals and businesses with financial possibilities through its comprehensive and scalable financial solutions.