Merrick Bank expands availability of its goScore™ service
13 Mar, 2014
SOUTH JORDAN, Utah, March 13, 2014 /PRNewswire/ — ;Merrick Bank, a wholly owned subsidiary of CardWorks, Inc., today announced that all Merrick Bank credit card customers can now receive their FICO® Score at no charge, every month, as part of the FICO® Score Open Access program, using Merrick’s goScore service. Since November 2012, goScore was provided as a complimentary benefit for those Merrick Bank customers who enrolled in paperless statements. Now, its goScore service is being made available at no charge to all its credit card customers who are enrolled for online access, regardless of whether or not they elect the paperless statement option.
Merrick Bank created the goScore service to make the FICO® Score based on credit data from TransUnion, LLC available to its customers to enable them to closely monitor their credit profile. goScore provides cardholders with access to their FICO® Score along with FICO® educational content, and score explanations, charts, and trends to help them understand why and how their scores can change over time. “There is a difference between knowing your credit score and understanding what that number means,” stated Steven Scullion, Chief Credit Officer at Merrick Bank. “With goScore, our customers will gain valuable insights to help them easily understand the key factors that affect their FICO® Score,” he added.
By expanding the availability of goScore, the majority of Merrick Bank customers will now see each month their most recently updated FICO® Score. “As a preferred lender to consumers who are building their credit, we sought to provide a useful tool that would enable customers to monitor their credit profile at no cost,” said Jeff Smith, Merrick Bank’s Senior Vice President of Marketing. “Merrick Bank is currently one of the few nationwide banks to make the FICO® Score available at no charge to its credit card customers” he added.
About Merrick Bank
Merrick Bank, a subsidiary of CardWorks, Inc., is an FDIC‐insured Industrial Bank founded in 1997 and based in South Jordan, Utah. Merrick is a top‐25 issuer of VISA and MasterCard credit cards, and lends nationally to consumers purchasing boats and recreational vehicles. Merrick is also a leading Merchant Acquirer of VISA and MasterCard transactions. www.merrickbank.com
About CardWorks, Inc.
CardWorks, Inc., is the parent company of Merrick Bank. CardWorks provides financial institutions, retailers, 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, credit card issuers, independent sales organizations and merchants that enable them to economically pursue their own Goals and objectives while meeting all service requirements.
SOURCE Merrick Bank