Source: Bank Innovation

CardWorks: With CardWorks, Ally gains tools to broaden customer reach

On Tuesday, Ally Financial announced plans to acquire CardWorks, a non-prime card and consumer finance lender, for $2.65 billion, a price that raised eyebrows among some analysts. The deal is subject to approval from regulators. Despite the steep price, industry observers say the move allows Ally to build a card and merchant services business, while [...]

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Don Berman's photo - Chairman & CEO of CardWorks

Chairman & CEO

Don Berman

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CardWorks provides non-prime credit card, consumer finance lending and compliance services for individuals and businesses. Read more