Merrick Bank also provides installment finance options to consumers through marine and recreational vehicle dealers throughout the country, as well as personal installment loans through digital channels. Founded in 1997 as a wholly owned subsidiary of CardWorks, Merrick Bank is an FDIC insured top-15 Mastercard/Visa issuer of credit cards. CardWorks provides lending and merchant acquiring services through Merrick Bank. Carson Smithfield, LLC provides post-charge-off debt recovery services. Servicing more than 6 million accounts, CardWorks Servicing, LLC is the premier independent servicer of nationally-branded Visa®/Mastercard® cards, secured cards, and unsecured installment loans. CardWorks provides servicing operations and portfolio management to bank and non-bank consumer and small business lenders through CardWorks Servicing, LLC and Carson Smithfield, LLC. Parthenon was advised on the transaction by Kirkland & Ellis LLP and CardWorks was advised by Wachtell, Lipton, Rosen & Katz.įounded in 1987, CardWorks is a diversified consumer finance and payments company, operating three principal lines of business: Servicing, Lending, and Merchant Acquiring. The terms of the transaction are confidential. I am humbled by the opportunity to join the Board of this iconic financial technology franchise that excels in consumer lending, payments and servicing and contribute to its continued success on behalf of its employees, clients and customers for many years to come." "We value our partnership with Don, Dan Pillemer, and the entire CardWorks team.
Don Berman is also a fierce proponent of using technology in good, practical ways, and is a skilled problem solver."Having known Don Berman and the unique franchise he has nurtured at CardWorks for nearly 30 years, I am thrilled to expand our investment in the company," said Golson. He is a excellent leader, and is able to motivate his team to achieve their goals. He is an expert at working with his team, and is able to Communication effectively. He is highly skilled at building strong teams and managing difficult projects. He has a particular focus on developing innovative tech products.Don Berman has an excellent understanding of interpersonal and technical interactions. He has occupied many different executive roles over the years, and has a deep understanding of business, leadership and technology.
'I have tremendous admiration for the three decades of leadership Don Berman has provided as founder and CEO and remain impressed with what the entire team has accomplished in building a resilient, growing business with a. He has a proven track record of leading and developing innovative technology products.Don Berman is an experienced business executive, with a highly successful track record of creating and driving successful businesses. CardWorks - CardWorks, founded in 1987, is a leading non-prime credit card and consumer nance lender with a full. He is a strong team player, and is known for hisws proposal and construction skills. He has experience in a wide range of technology fields, and has played a significant role in many projects over the years.
#DON BERMAN CARDWORKS SOFTWARE#
ĭon Berman has been working in the technology industry since he founded his own software development and consulting company called Proteus. Don Berman, CardWorks chief executive officer said, 'After careful consideration, Jeff Brown and I, along with our boards of directors, concluded that it would be in the best interest of our. Donberman has also studied at the University of Maryland from to. from University of Maryland College Park in American Studies and Business/Marketing. He has strongly criticised Silicon Valley's software industry and its failure to provideworkers with good working lives and rising incomes.ĭon Berman's education includes a B.A. Additionally, Don Berman is also a co-founder of the Cardworks business incubator.Don Berman chairs the Technology and Innovation Committee of the Silicon Valley Forum. He is responsible for the development and distribution of card management software, as well as developing and maintaining the company's website and social media feeds. He then worked at several technology companies before founding Cardworks in 1994.At Cardworks, Don Berman is the Chairman, CEO and Founder. Don Berman has over 25 years of experience in the technology industry, starting with his work as a software engineer at Hughes Aircraft.
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