![]() In addition, Ally's award-winning online bank ( Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage-lending services and a variety of deposit and other banking products. The company operates one of the largest full-service automotive-finance operations in the country, offering a wide range of financial services and insurance products to automotive dealerships and consumers. is a leading digital financial services company focused on "Doing it Right" for its consumer, commercial, and corporate customers. I am extremely enthusiastic about this acquisition and what it represents for our customers, clients, employees, and the communities in which we operate."ĭon Berman will continue to oversee the CardWorks business lines as part of Ally and will join Ally's Board of Directors and executive management team following closing.Īlly Financial Inc. "Ally is complementary to all of our existing consumer finance business lines, including our credit card and recreational lending businesses, as well as our merchant acquiring, third-party loan servicing, and recovery businesses. "The combination of CardWorks and Ally presents a tremendous opportunity for innovation, while we maintain a strong focus on our mission – which is to delight our clients and customers" said CardWorks Founder, Chairman and Chief Executive Officer Don Berman. Under the terms of the agreement, Merrick Bank, a wholly owned subsidiary of CardWorks, Inc., will merge into Ally Bank. merchant acquirer, the roadmap includes expanding Ally's product offerings in the non-prime segment, as well as enhancing their direct bank deposit and consumer product platform, and third-party servicing and recovery capabilities. As a leading non-prime credit card and consumer finance provider with servicing capabilities across the credit spectrum, a top-20 U.S. This combination will provide customers with a comprehensive suite of compelling secured and unsecured banking products.ĬardWorks is a privately held company headquartered in Woodbury, NY with facilities in Florida, Pennsylvania and Utah. The closing will bring together two customer-obsessed companies that are focused on "Doing it Right", with a shared common vision and aligned cultural values. (NYSE: ALLY) in a transaction valued in excess of $2.65 billion, subject to final closing equity and other adjustments. ("CardWorks"), a leading non-prime credit card and consumer finance lender with a full-spectrum unsecured servicing platform and robust merchant services capabilities, announced today that it has signed a definitive agreement to be acquired by Ally Financial Inc. 18, 2020 /PRNewswire/ - Cardholder Management Services, Inc. may also be known as or be related to CardWorks, CardWorks Inc and CardWorks, Inc.WOODBURY, N.Y., Feb. and its employees or that of Zippia.ĬardWorks, Inc. ![]() The data presented on this page does not represent the view of CardWorks, Inc. None of the information on this page has been provided or approved by CardWorks, Inc. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at CardWorks, Inc. Zippia gives an in-depth look into the details of CardWorks, Inc., including salaries, political affiliations, employee data, and more, in order to inform job seekers about CardWorks, Inc.
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