Tag: Synchrony

Capital and Risk, Credit

Who wants Apple’s credit card? Analysts weigh in.

December 1, 2023

Via: Payments Dive

As tech giant Apple winds down its partnership with investment bank Goldman Sachs, it will need to find a new card issuer to back its credit card. And given the size of the business, there’s a small pool of suitors, […]

Activity, Capital and Risk, Credit, Retail Banking

Synchrony, Wells Fargo, Bread Financial lead medical credit card market: CFPB

May 8, 2023

Via: Payments Dive

Though the mean annual percentage rate for general-purpose credit cards is about 16%, medical credit cards typically charge an APR of 26.99%, according to the report. Consumers can use the medical credit cards and financing plans to cover bills ranging […]

Activity, Channels, Corporate Banking

AmEx, Synchrony bid to wrest Amazon card portfolio from JPMorgan Chase

June 9, 2021

Via: Banking Dive

American Express and Synchrony are among the bidders looking to replace JPMorgan Chase as the issuer of Amazon’s co-branded credit card, Bloomberg and Reuters reported Tuesday. JPMorgan could get a 15% premium on top of the balance — which is […]

Capital and Risk, Credit, Retail Banking

As Economy Creeps Into Old Age, Amazon’s Bank Bets on Buyers With Bad Credit

June 24, 2019

Via: TheStreet

On the lips of Wall Street analysts, a new expression is taking hold as speculation mounts that the U.S. economy might be slowing down: the “late-cycle” trade. It’s a jargony way of describing a simple concept: Investors can make fast […]