“PAY WITH SYNCHRONY” APP LAUNCHES AS FIRST COMBINED BNPL AND PRIVATE LABEL FINANCING SOLUTION AVAILABLE TO SMALL BUSINESSES THROUGH CLOVER®


With more than a third of buyers saying they are more likely to look at additional financing options now compared to two years ago,1 ⁠Synchrony’s SetPay 4-Instalment payment offer gives customers the ability to make four equal, interest-free payments for purchases typically made between $40 Y $500 with the first payment due at checkout. The offer will be part of the Pay with Synchrony application available in the Clover app store for participating merchants using any Clover device. This application will be the first time that a combined private label credit card and BNPL solution will be available to small merchants on the Clover platform.

Rad Air Complete Car Care & Tire Centersa Ohiobased auto and tire maintenance franchise, is implementing SetPay to offer customers a simple and flexible way to finance purchases with predictable and equal payments over a set period of time. radial air has worked with Synchrony since 2014 as a member of the SynchronyCarCare™ network, which helped them build a following of loyal customers and increase sales volume.

“We trust Synchrony to partner with us every step of the way to deliver an innovative customer experience as consumer behaviors evolve,” he said. bill snow, vice president of Rad Air Franchise Systems. “Being able to offer BNPL at the point of sale in our store is revolutionary. We now have everything we need on the Clover device to offer customers more financing and payment solutions that fit their needs and get them back on the road quickly.” .”

“The next big opportunity in payments is the ability to offer diverse product and solution options. SetPay pay in 4 on Clover builds on Synchrony’s growth strategy to extend our products to more customers through more distribution channels” , said Florin Arghirescu, Senior Vice President, Chief Product Officer, Synchrony. “Accessing SetPay pay in 4 on the Clover App Market can help small businesses grow their customer base and offer the right financial solutions at the right time.”

“Small businesses operate in a competitive environment where their customers expect multiple payment options wherever they shop,” he said. Dan Bjerke, boss of Clover of Fiserv. “As consumer adoption of buy now, pay later grows, it’s important that Clover be able to provide businesses with simplified access to these flexible payment solutions, including offerings like Synchrony’s SetPay pay in 4.”

Synchrony offers a broad set of revolving credit and installment loan options across a variety of channels, including SetPay pay in 4, SetPay monthly installment loans for up to 84 months, and a variety of equal payment solutions offered through credit programs renewable.

For more information on Synchrony SetPay, visit: https://www.synchronybusiness.com/setpay

About sync

Synchrony (NYSE: SYF) is a leading consumer financial services company offering one of the most comprehensive digitally enabled product suites in the industry. Our experience, expertise, and scale span a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, motorsports, pets, 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, whom 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 financial 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 on their channel of choice. For more information visit www.sincronía.com and Twitter: @Synchrony.

Contact:
Tyler Allen
Synchrony
[email protected]

1 Synchrony Major Buys Study, 2021

SOURCE Synchrony Financial

Previous Dave Ramsey has this big warning about margin trading
Next 3 Vanguard ETFs that could help you retire a millionaire | Smart Change: Personal Finances