We have been focused on the well-being of our people and our communities during our entire 32-year history, including through these difficult events of 2020. “Each of our business lines continues to perform extremely well during these challenging and uncertain times. CardWorks is in an exceptionally strong financial position and our long-term strategic priorities remain intact. “CardWorks has proven through previous recessions to be a great company in difficult times. “After careful consideration concluded that it would be in the best interest of our customers and our stakeholders, to terminate the agreement,” said Don Berman founder, chairman and CEO of CardWorks. The termination was approved by the boards of directors of both companies. Neither party will be required to pay the other a termination fee or break-up fee as a result of the mutual decision to terminate the agreement. The two ventures said that they had mutually agreed to terminate their merger agreement because the ongoing coronavirus pandemic has made the economy unpredictable. However, now those plans have been cancelled. is a leading digital financial services company focused on getting it right for consumer, business and corporate clients. Note: We do not offer technical support for developing or debugging scripted downloading processes.Back in February, technology-enabled finance lender and compliance solution CardWorks announced it would be acquired by digital financial services firm Ally Financial. Don berman will continue to oversee the CardWorks lines of business within Ally and join Ally’s board of directors and management team following close. CardWorks, with over USD 3.5bn in assets, is a consumer lender. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Don Berman, Founder and CEO of CardWorks, will maintain his majority control of the company. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. We reserve the right to block IP addresses that submit excessive requests. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. More Information Internet Security Policyīy using this site, you are agreeing to security monitoring and auditing. For more information, contact more information, please see the SEC’s Web Site Privacy and Security Policy.
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