STAMFORD, Conn., Jan. 16,
2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a
premier consumer financial services company, is enhancing the way
consumers securely shop online and in-app when checking out with
Apple Pay on iPhone and iPad. Eligible Synchrony Preferred
Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier
World Mastercard holders can now choose to pay with the standard
terms of their credit card, or use a promotional offer that
includes fixed monthly payments.1
To use a Synchrony Mastercard with Apple Pay, customers will
first need to add their Synchrony Mastercard to Apple Wallet. When
checking out with Apple Pay online or in-app using iPhone and iPad,
users will be able to select their Synchrony Mastercard, and if
eligible, tap Pay Later to view their available promotional offer.
Users can then make a selection and complete the quick and seamless
checkout process with Apple Pay.
"The ability for customers to choose fixed monthly payments in
Apple Pay with the Synchrony Mastercard builds upon our leadership
in digital payments and represents a big leap forward in offering
our customers an enhanced level of flexibility and choice at
checkout," said Florin Arghirescu,
Chief Product Officer, Synchrony. "We believe this simplifies
digital payment transactions and provides cardholders with the
ability to make purchases in ways that work best for
them."
Apple Pay provides users with an easy, secure and private way to
pay. As with all Apple Pay purchases, when a user pays with a
Synchrony Mastercard with Apple Pay, Apple does not retain any
transaction information linked to the user.
Synchrony plans to expand the ability to pay for eligible
purchases with fixed monthly payments to more Apple Pay
users across the company's portfolio of co-branded cards.
Later this year, consumers will also be able to view and redeem
rewards from eligible Synchrony-issued cards when checking out
online and in-app on iPhone and iPad with Apple Pay, bringing even
more flexibility and choice to the checkout experience than ever
before.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services
company delivering one of the industry's most complete
digitally-enabled product suites. Our experience, expertise and
scale encompass a broad spectrum of industries including digital,
health and wellness, retail, telecommunications, home, auto,
outdoor, pet and more. We have an established and diverse group of
national and regional retailers, local merchants, manufacturers,
buying groups, industry associations and healthcare service
providers, which we refer to as our "partners." We connect our
partners and consumers through our dynamic financial ecosystem and
provide them with a diverse set of financing solutions and
innovative digital capabilities to address their specific needs and
deliver seamless, omnichannel experiences. We offer the right
financing products to the right customers in their channel of
choice. For more information, visit www.synchrony.com.
1) When Synchrony Mastercard is used with Apple Pay online or
in-app, the standard terms of the credit card agreement may apply
(Pay In Full option) or a promotional financing offer may be
available (Pay Later option). Promotional Offers are only
available for eligible well qualified cardholders. Both
options allow the purchase to be paid in full or over time.
Loans not offered by Apple. Subject to eligibility requirements
and approval. Not available in all markets, and may not be
available for all types of purchases, such as subscriptions and
recurring transactions. Available with Apple Pay online and in
apps, on iPhone or iPad. Not available in-store. Software
requirements apply. Additional terms may apply. For more
eligibility and feature details, see
https://support.apple.com/120477
Contact: Tyler Allen
Synchrony
tyler.allen@syf.com
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SOURCE Synchrony Financial
