Synchrony news and trends

MGM Hackers Reportedly Targeting Banks and Insurers
Cybersecurity // May 08, 2024

Last year, a group called Scattered Spider pulled off a massive hack targeting casinos. Now, this mysterious collective has apparently turned its attention to the banking and insurance sectors, cybersecurity researchers told Bloomberg News Wednesday (May 8). Since late last month, Scattered Spider has targeted 29 companies...

Synchrony Expands CareCredit to More Dental Practices
Credit Cards // May 02, 2024

Consumer financial services company Synchrony has teamed with dental practice-focused healthcare firm Affordable Care. The collaboration will make CareCredit, Synchrony’s health and wellness credit card, available as a payment option at more than 450 dental practices to help them finance dental implants and dentures, according to a Thursday (May 2)...

Synchrony and ServiceTitan Team to Offer Home Improvement Financing
Partnerships // April 30, 2024

Consumer finance company Synchrony has launched a partnership with contractor-focused software platform ServiceTitan. The collaboration is designed to make it easier for contractors to offer financing to customers, according to a Tuesday (April 30) press release. “Our top priority at ServiceTitan is providing contractors with...

Synchrony Earnings Show Consumer Momentum, Concern Over Late Fee Rules
Earnings // April 24, 2024

Synchrony Financial reported its Q1 earnings Wednesday (April 24), showing broad-based growth throughout its lending and credit platforms, continued momentum in consumer spending and some concern over a decrease in revenue from the upcoming Consumer Financial Protection Bureau (CFPB) late fee ruling. Synchrony CEO Brian...

Interviews & Exclusives
CFPB’s Credit Card Late Fee Rule Could Create Buy Now, Pay Later Windfall

May 09, 2024
The laws of physics dictate that for every action, there is a reaction. As Tuesday (May 14) looms, with a new rule from the Consumer Financial Protection Bureau (CFPB) slated to take effect that would drastically lower credit card late fees, several reactions might ripple across financial services. Not all of them might be desirable. The blowback might be such that […]

Synchrony: Addressing Women’s Economic Needs Can Improve Healthcare

April 19, 2024
Health is wealth, in more ways than one. That’s because disparities in healthcare spending between patients are highly correlated to disparities in health outcomes. And, due to the historical underrepresentation...

Synchrony Says KYC Will Determine Authentication’s Future

February 26, 2024
Authentication in the payments space is continuously evolving. But one constant is that any innovation needs to strike a winning balance between enhancing security and improving user experience. “Identity theft,...

Private-Label Card Pressures May Signal Spending Pullback

January 30, 2024
Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are not here yet, although wisps...

Quick Reads
MGM Hackers Reportedly Targeting Banks and Insurers

May 08, 2024
Last year, a group called Scattered Spider pulled off a massive hack targeting casinos. Now, this mysterious collective has apparently turned its attention to the banking and insurance sectors, cybersecurity researchers told Bloomberg News Wednesday (May 8). Since late last month, Scattered Spider has targeted 29 companies and successfully compromised the systems of at least two insurers, […]

Synchrony Expands CareCredit to More Dental Practices

May 02, 2024
Consumer financial services company Synchrony has teamed with dental practice-focused healthcare firm Affordable Care. The collaboration will make CareCredit, Synchrony’s health and wellness credit card, available as a payment option at more than 450 dental...

Synchrony and ServiceTitan Team to Offer Home Improvement Financing

April 30, 2024
Consumer finance company Synchrony has launched a partnership with contractor-focused software platform ServiceTitan. The collaboration is designed to make it easier for contractors to offer financing to customers, according to...

Skipify and Synchrony Team on Frictionless Checkouts

March 13, 2024
Checkout-centric FinTech Skipify has launched a partnership with consumer finance company Synchrony. The collaboration, announced Wednesday (March 13), “leverages Skipify’s payment infrastructure to provide simplified and enhanced checkout for Synchrony cardholders, improving the experience...