Synchrony Bank news and trends

Rising Card Delinquency Rates Spotlight Paycheck-to-Paycheck Pressures
Credit Cards // September 12, 2022

The paycheck-to-paycheck pressures are showing up in the cards. Though we don’t have all the details yet, from all the issuers, there are at least some recent stats that show cardholders falling a behind on their monthly obligations. The latest example came on Monday (Sept....

Synchrony Bank Lands CFPB OK For Dual Secured, Unsecured Credit Cards
Payment Methods // December 31, 2020

Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. 30). Synchrony Bank is a wholly-owned by Synchrony Financial Inc. Describing Synchrony’s application, government regulators wrote of the proposed product: “As with other...

Walmart Credit Card Installment Loans May Soon Be Available
Payment Methods // August 23, 2017

Walmart could soon provide its customers with a new payment option, thanks to a potential deal between the retailer and finance company Affirm, Inc. Sources familiar with the situation told The Wall Street Journal that executives from Affirm are speaking with the Walmart team about the possibility...

Interviews & Exclusives
Getting Consumers Ready to Move From Passwords to Passkeys

June 29, 2023
Passwords — and even one-time passcodes (OTPs) — render us vulnerable to fraudsters, which has always been so.   The fraudsters are stepping up their attacks as we live more of our lives than ever online. Gerhard Oosthuizen, chief technology officer at Entersekt, and Mike Storiale, vice president, innovation development, at Synchrony Bank, told PYMNTS that the most common […]

Rising Card Delinquency Rates Spotlight Paycheck-to-Paycheck Pressures

September 12, 2022
The paycheck-to-paycheck pressures are showing up in the cards. Though we don’t have all the details yet, from all the issuers, there are at least some recent stats that show...

Quick Reads
Synchrony Bank Lands CFPB OK For Dual Secured, Unsecured Credit Cards

December 31, 2020
Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. 30). Synchrony Bank is a wholly-owned by Synchrony Financial Inc. Describing Synchrony’s application, government regulators wrote of the proposed product: “As with other secured credit cards, therefore, a consumer must provide a security […]

Walmart Credit Card Installment Loans May Soon Be Available

August 23, 2017
Walmart could soon provide its customers with a new payment option, thanks to a potential deal between the retailer and finance company Affirm, Inc. Sources familiar with the situation told The...