Don has been instrumental in bringing major banking and non-banking firms into the credit card business, and an influential figure in the financial industry and its evolution over the past three decades. One of the earliest proponents of secured cards (the precursor to today’s non-prime card market), Don is widely known and respected in the consumer finance space, recognized as an industry expert in servicing, marketing, account management, co-branding, partnerships, affinity relationships, and M&A. In 1997, under Don’s leadership, CardWorks founded Merrick Bank, a Utah-based FDIC-insured industrial bank which has become a top-15 credit card issuer in the VISA®/Mastercard® networks market leader in the non-prime loan market for recreational RVs, boats, trailers, and off-road vehicles and top-15 merchant acquirer. (stepping aside as CEO in October 2021), the parent company of CardWorks Servicing, Merrick Bank, and Carson Smithfield.ĭon, as sole founder, has grown CardWorks (established in 1987) into the largest privately held provider of end-to-end operational servicing and support functions for credit card and installment loan products in North America.
Berman is the Founder and Executive Chairman of CardWorks, Inc. Partner with us and see the possibilities.ĭonald M. The contributions of these companies combine to give CardWorks an impressive set of credentials, making CardWorks a company you can trust and rely on to help you achieve your financial goals. This is a platform for financial institutions to distribute recurring or one-time payments via electronic transactions (ACH or Biller Payments) or paper checks. Dataline supplements CardWorks’ offerings with the Payment Disbursement Services product. Dataline Systems, LLC: Dataline Systems, LLC became a wholly-owned subsidiary of CardWorks Servicing, LLC in 2023 to empower our clients through partnership, innovation and automation.Carson Smithfield is licensed as required to collect nationwide. Carson Smithfield, LLC: Carson Smithfield, LLC is a third-party collection agency dedicated exclusively to handling third-party recovery collections service.CardWorks Servicing, LLC: CardWorks Servicing, LLC was founded in 1987 to provide servicing, operational support, and portfolio management to credit card and installment loan issuers and acquirers.It now serves nearly 3 million cardholders and has extended nearly $6 billion in credit. Merrick Bank: Merrick Bank was founded in 1997 and specializes in assisting people looking to build or rebuild their credit.
is a diversified consumer finance service provider and parent company of CardWorks Servicing, LLC, Merrick Bank and Carson Smithfield, LLC. Building meaningful, long-term relationships with consumers, our employees, and our clients is what matters most.ĬardWorks, Inc. At CardWorks, we aim to help people connect with possibility and opportunity using our financial servicing expertise.
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