Charles Crawford Joins Merrick Bank

Online, November 1, 2010 (Newswire.com) - Charles S. Crawford has joined Merrick Bank as Senior Vice President of Business Development for its Merrick Merchant Services unit. Mr. Crawford is a veteran of the merchant credit card processing industry, who most recently worked as EVP of Strategic Development at Electronic Payment Exchange, a Delaware based transaction authorization and settlements processor. Prior to that position, he held senior posts at several other transaction processors and merchant sales organizations.
Mr. Crawford will be working with David Herzfeld, Senior Vice President -Chief Operations Officer of Merrick Merchant Services, to support and expand the Bank's merchant acquiring program. Mr. Herzfeld joined Merrick in 2004 and was recently promoted from his former position as Vice President of the Merchant Services business unit. He is an industry veteran with previous experience at First Data Merchant Services and BB&T Merchant Services. Together, Charles and David report to Richard Urrutia, Merrick Bank's President.
We would also like to announce that Lisa Kenney has been promoted to Vice President of the Merrick Merchant Services business unit, filling David's former role and supporting the overall operations of the unit. Ms. Kenney is also an industry veteran, joining Merrick in 2006, after working at First Data Merchant Services.
"We are very happy with the team that we have assembled and the structure that we have put in place" said Mr. Urrutia. "We have based our business on working with our independent reseller partners, and we look forward to building on our previous success. The continuity of Dave and Lisa combined with the addition of Chuck gives us the strength to meet those expectations."

About Merrick Bank

Merrick Bank, a subsidiary of CardWorks, Inc., is an FDIC insured Industrial Bank founded in 1997 based in South Jordan, Utah. Merrick Merchant Services is based in Woodbury, NY. It is a leading Acquirer of VISA and MasterCard transactions through the sponsorship of its ISO partners. Merrick is also a top-25 issuer of VISA and MasterCard credit cards, and lends nationally to consumers purchasing boats and recreational vehicles.

About CardWorks

With its corporate headquarters in Woodbury, NY, CardWorks, Inc. is the parent company of Merrick Bank. CardWorks provides financial institutions, non-traditional card issuers, ISOs and merchants in the U.S. and Canada with a full range of world-class servicing and support solutions. CardWorks provides services for banks, financial guarantors, credit card issuers, ISOs and merchants that enable them to economically pursue their own goals and objectives while meeting all service requirements.