CardWorks Servicing, a Woodbury, NY-based provider of outsourcing support services for credit card and installment loan products, acquired Dataline Systems, an Apopka, FL-based provider of business process outsourcing and financial services operations support.
The amount of the deal was not disclosed.
With the acquisition, Dataline brings capabilities in payment disbursement services, data reporting and analytics, and business process automation that are additive and complementary to CardWorks Servicing. CardWorks Servicing will provide Dataline with resources, capabilities, and operational support to take their platform to a high 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.
Founded in 1986 by Collin York, and led by CEO Darren York, Dataline Systems is a provider of business process outsourcing and financial services operations support to financial institutions.
Led by CEO Dan Pillemer, CardWorks Servicing is a provider of operational servicing and support functions for credit card and installment loan products in North America. The company services its consumer and small business loan clients across the credit spectrum, and provide comprehensive support to bank and non-bank lenders in the United States. CardWorks Servicing’s management expertise and customized servicing solutions enable banks and financial institutions to mitigate risk, increase profitability, and support their customers.
FinSMEs
04/01/2023