Synchrony Financial to Acquire U.S. Consumer Credit Receivables from PayPal, Companies Extend Co-Brand Credit Card Relationship
SAN JOSE, Calif. & STAMFORD, Conn., 2017-Nov-20 — /EPR Retail News/ — PayPal Holdings, Inc. (NASDAQ:PYPL) and Synchrony Financial (NYSE:SYF) today (Nov 16, 2017) announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal's U.S. consumer credit receivables portfolio,…
Chase consumers will be able to seamlessly link their Chase cards to PayPal and pay with Ultimate Rewards points when linked to Chase Pay where PayPal is accepted online and in app
NEW YORK, 2017-Jul-21 — /EPR Retail News/ — JPMorgan Chase (NYSE:JPM) and PayPal (NASDAQ:PYPL), two global payments leaders, have announced a partnership that will make it…