CWS offers management expertise across the credit spectrum and supports both MasterCard and Visa accounts as well as a variety of private label debit, credit, stored value, and customer bankcards.ĬardWorks is a family oriented company that strives for excellence. ![]() ![]() As a subsidiary of CardWorks, Inc., CardWorks Servicing, LLC provides third-party customer service, collections, risk management, and portfolio management.CardWorks Servicing ("CWS") is one of the largest privately-held provider of outsourcing services for bankcard-related products to banks and non-bank lenders in North America. CardWorks Servicing is now a nationally recognized, leading servicer of credit cards, national debit cards, pre-funded cards and other unique card products and is the largest privately held servicer of MasterCard(R)/Visa(R) cards. Cardworks has operating facilities in Pittsburgh, PA, Salt Lake City, UT and Woodbury, NY.ĬardWorks Servicing, previously CMS, was founded in 1987 to provide servicing, operational support and portfolio management to credit card issuers. CardWorks Servicing continues to experience exceptional growth as the premier third-party servicer of credit cards, and Merrick Bank is recognized as a premier issuer of non-prime credit cards. is the parent company of CardWorks Servicing and Merrick Bank. The Company’s address and phone number also will remain the same.ĬardWorks, Inc. Moving forward, we may seek to leverage our servicing expertise to other asset categories as opportunities arise.” The name change is already in effect and does not reflect a change in ownership or management. Berman continued: “We are always seeking to provide the most innovative servicing solutions to meet the specific needs and challenges of our clients’ portfolios. CardWorks Servicing is focused on providing best-in-class technology, service and experienced professional resources to its diverse client base. The Company’s services are transparent to cardholders and merchants - and specifications are driven by each individual organization’s needs. ![]() “At present, CardWorks Servicing provides exceptional service to more than four million accounts and numerous financial institutions and we are continuing to grow and expand our offerings.”ĬardWorks Servicing has a proven track record of servicing both prime and non-prime accounts. ![]() “We have an excellent reputation and a leadership position within the card servicing industry, and the re-branding of CMS as CardWorks Servicing is a logical extension of our corporate identity and our core competencies,” said Don Berman, Chairman and Chief Executive Officer of CardWorks. The new name more accurately reflects the Company’s position and reputation as a premier provider of turnkey services and support to bankcard issuers and acquirers in the United States and Canada.ĬardWorks Servicing, previously CMS, delivers customized outsourced solutions, including customer service, risk management, loss mitigation, accounting/finance support, and portfolio management that enable issuers and acquirers to successfully meet the challenges of today’s increasingly competitive bankcard environment with high-quality servicing, improved operating efficiencies and increased profit potential. CardWorks subsidiary, Cardholder Management Services, LLC (CMS), the leading third-party bankcard servicer, announced that it has changed its name to CardWorks Servicing.
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