Wallets/synchrony-bank
Synchrony Bank
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Overview
Synchrony Bank is NYSE: SYF + US-based consumer finance + credit cards + one of US's largest consumer financial services + retail credit card issuers via co-branded cards with Walmart + Sam's Club + Amazon + Lowes + Gap + JCPenney + ~80M+ active Synchrony credit card accounts 1, United States report.
History
1932 — General Electric Capital Corporation founded as US consumer finance subsidiary of General Electric.
~2005 — GE Money Bank brand launched (US-based consumer bank; GE consumer-finance lineage).
Jul 31 2014 — Synchrony Financial NYSE IPO spin-off from General Electric Capital Corp + Nov 2015 GE divestment complete + Synchrony Bank rebrand consolidation.
Ownership & operator
Operating entity: Synchrony Financial Synchrony Bank (US-based consumer finance + credit cards; NYSE: SYF).
Major shareholders: Vanguard + BlackRock + State Street + US + international retail + institutional + foreign investors free float post-Nov 2015 GE full divestment.
Regulators: OCC + Federal Reserve + FDIC + Utah state regulators + national regulators.
Technical integration
Synchrony Bank mobile app (iOS + Android; ~80M+ active Synchrony credit card accounts) + synchrony.com online + Synchrony Bank online-only US digital bank + Synchrony co-branded retail credit cards via Walmart + Sam's Club + Amazon + Lowes + Gap + JCPenney + 65+ retail partners; ACH + FedNow + EMV.
Implementations & partners
Synchrony co-branded retail card partners: Walmart Pay (Walmart Pay; Walmart US-based retail mobile wallet; Synchrony Walmart-anchored co-brand credit cards) + Amazon Pay (Amazon Pay; Amazon US-based retail mobile wallet; Synchrony Amazon-anchored co-brand credit cards) + Lowe's (Lowes US-based retail; Synchrony Lowes-anchored co-brand credit cards) + Gap Inc. (Gap Inc; US-based retail; Synchrony Gap-anchored co-brand credit cards) + JCPenney (JCPenney; US-based retail; Synchrony JCPenney-anchored co-brand credit cards).
Major US-based digital bank + consumer finance + credit card competitors: Ally Bank (Ally Bank; NYSE: ALLY; US-based online commercial bank + auto finance + securities + credit cards) + Discover Financial Services (Discover Financial Services; NYSE: DFS; US-based digital bank + Discover card payment scheme; ~70M+ Discover Card US cardholders) + Capital One Mobile (Capital One; NYSE: COF; US-based commercial bank + credit cards) + American Express (Amex) (American Express; NYSE: AXP; US-based card payment scheme + premium credit cards) + Chime (Chime; NASDAQ: CHYM; ~22M+ Chime customers) + Marcus by Goldman Sachs (Marcus by Goldman Sachs; Goldman Sachs Bank USA US-based digital bank) + Chase Mobile (JPMorgan Chase) (Chase Mobile; JPMorgan Chase US; NYSE: JPM) + Bank of America (Bank of America; NYSE: BAC) + Wells Fargo Mobile + Fargo virtual assistant (Wells Fargo; NYSE: WFC) + Citi Mobile (Citigroup) (Citi Mobile US; Citigroup NYSE: C) + U.S. Bank (USB) (US Bank; NYSE: USB) + PNC Bank (PNC Bank; NYSE: PNC).
Regulators: OCC + Federal Reserve + FDIC + Utah state regulators + national regulators.
Status
Active, NYSE:SYF + US-based consumer finance + credit cards + one of US's largest consumer financial services + retail credit card issuers via co-branded cards with Walmart + Sam's Club + Amazon + Lowes + Gap + JCPenney + ~80M+ active Synchrony credit card accounts 1, 2.
Sources
- 1 Synchrony — official
- 2 Synchrony — Wikipedia
- United States report In-corpus:
reports/countries/US-united-states.md
Source
Biography extracted from synchrony-bank.md. See matrix.md for standards-support matrix if present.