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Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
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The site, which streamlines consumers with a line of revolving credit through Synchrony Bank, allows purchases to be made online without the use of a credit card. The company was one of the first recipients of the Red Herring Global 100 Award by the publication Red Herring. On November 7, 2008, PayPal completed its acquisition of Bill Me Later.
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One of the first female CEOs of a multibillion dollar bank. Margaret Keane (born 1959) was the chief executive officer of Synchrony from February 2014 through April 2021. She transitioned to the role of executive chair of Synchrony’s board of directors. Brian Doubles, formerly Synchrony’s president, became chief executive officer. [1]
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Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...