Will Graylin Resigns From Synchrony’s Board of Directors

Consumer financial services company Synchrony has said Will Graylin has resigned from the company’s Board of Directors to focus more on other ventures, a press release says.

Graylin will focus on the super-app company OV Loop he founded, along with Indigo Tech, a next-generation EV company working with road-sensing smart wheels, where he works as chairman and CEO.

Graylin has been a member of Synchrony’s board since 2015 and is reportedly leaving on good terms.

“On behalf of our Board and Synchrony’s leadership team, we thank Will for his service and commitment to the Company,” said Margaret Keane, Executive Chair of the Synchrony Board of Directors. “We greatly appreciate his entrepreneurial spirit and the expertise he shared in mobile and digital payments technologies. We wish him well in his future endeavors.”

PYMNTS wrote recently that Synchrony had rolled out a new installment pay option, Synchrony SetPay Pay in 4, a BNPL service.

Read more: Synchrony, Fiserv Team to Offer BNPL

The service comes in partnership with Fiserv, offered through the company’s Clover POS and business management system, intended to give customers a greater level of choice and flexibility.

The service will let customers make four interest-free equal payments for purchases usually between $40 and $500, with one initial payment due at checkout. The program was launched due to a rising interest in alternate payment methods.

Synchrony said this was part of its Pay with Synchrony app, which is the first time a private-label credit card and BNPL combination will be available through the Clover service.

“Small businesses operate in a competitive environment in which their customers expect to have multiple payment options anywhere they shop,” said Dan Bjerke, head of Clover from Fiserv, in the release. “As consumer adoption of buy now, pay later continues to grow, it’s important that Clover can provide businesses with simplified access to these flexible payments solutions, including offerings like Synchrony’s SetPay pay in 4.”