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. 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. 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."ĬWS will provide Dataline a greater breadth of resources, capabilities, and operational support to take their platform to an even higher level of client service. Dataline will, in turn, be able to grow its core business with existing clients, CWS clients and new clients, generating new opportunities. Today's acquisition also signaled a strategic shift at CardWorks to explore inorganic growth opportunities. "We are excited to explore acquisitions of companies, assets, or capabilities that expand CardWorks' businesses and are in line with our vision for the future, particularly if we are lucky enough to find teams as talented as the Dataline team." "Our experience through cycles, disciplined approach to growth, and compliance-focused culture have led to the fortunate position of having a strong balance sheet and capital levels," Pillemer said.
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