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. 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.' 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. Dan 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.'

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