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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