He 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. CardWorks Servicing, LLC services consumer and small business loans across the credit spectrum and offers backup servicing and due diligence services to capital providers and trustees. Those high rates cover the nonpayments, which run 10 to 12, versus 3 to 5 for prime. CardWorks Servicing, LLC provides end-to-end operational servicing functions for credit cards, secured cards, and installment loans. Berman simultaneously served as an industry consultant and then as Vice President for Smith Barney’s Financial Institutions Division (1989-1991). CardWorks charges customers a range of between 17.9 and 29.9 its average rate is 23.3 on balances. During the early years at CardWorks Servicing, Mr.
Berman was a senior marketing executive with Eastern States Bankcard Association (1982-1986). Prior to founding CardWorks Servicing, Mr. and internationally, and evaluating non-cards assets to own and/or service. Berman has been working to expand the company’s acquiring and issuing business both in the U.S. The owners are great and down to earth You are celebrated as an employee. As such, he oversees the company’s strategic development, operation and growth. is a very rewarding and fun company to work for. Berman is President and CEO of CardWorks Servicing and Chairman and CEO of CardWorks, Inc., its parent company.
CardWorks is a servicer of nationally-branded MasterCard/Visa cards, private label cards, secured cards, and other products, as wel l as secured and unsecured installment loans. Berman was the sole founder of CardWorks Servicing (formerly Cardholder Management Services, or CMS) in 1987. Founded in 1987, CardWorks is a consumer finance lender and servicer, compliance-focused organization enabled by data and technology. Berman, Chairman and Chief Executive Officerĭonald M.
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