1/25/2024 0 Comments Cardworks lpHe earned his BA from the University of Maryland. Berman has also been involved in the purchase and sale of more than 25 portfolios, with receivables in excess of $40 billion. Berman has been a key player in bringing major banking and non-banking firms into the credit card business and has been instrumental in the launch of industry changing events. Berman is widely known in the bankcard industry and recognized as an expert in the servicing of non-prime cards, bankcard marketing, account management, co-branding, and portfolio sales. One of the earliest proponents of secured cards-the precursor to today’s non-prime card market-Mr. Berman simultaneously served as an industry consultant and then as Vice President for Smith Barney’s Financial Institutions Division (1989-1991). During the early years at CardWorks Servicing, Mr. Berman was a senior marketing executive with Eastern States Bankcard Association (1982-1986). This rating has decreased by -8 over the last 12 months. 48 of employees would recommend working at CardWorks to a friend and 42 have a positive outlook for the business. Prior to founding CardWorks Servicing, Mr. CardWorks has an overall rating of 3.1 out of 5, based on over 174 reviews left anonymously by employees. and internationally, and evaluating non-cards assets to own and/or service. The acquisition had called for Ally to pay 1.35 billion in cash and 1.30 billion in common stock, or 39.5 million shares. Berman has been working to expand the company’s acquiring and issuing business both in the U.S. CardWorks is a credit card issuer focused on the non-prime segment. Berman is President and CEO of CardWorks Servicing and Chairman and CEO of CardWorks, Inc., its parent company. Berman was the sole founder of CardWorks Servicing (formerly Cardholder Management Services, or CMS) in 1987. ![]() ![]() As such, he oversees the company’s strategic development, operation and growth. Berman, Chairman and Chief Executive Officer Donald M. ![]() Berman, Chairman and Chief Executive Officerĭonald M.
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