trending Market Intelligence /marketintelligence/en/news-insights/trending/m0yluy1imxopdjpjfkablg2 content esgSubNav
In This List

Synchrony, JCPenney extend agreement

Video

According to Market Intelligence, February 2023

Blog

Insight Weekly: M&A players predict 2023 activity; SPAC IPOs dip; 2022 capacity retirements up

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Synchrony, JCPenney extend agreement

Synchrony Financial and J. C. Penney Co. Inc. have extended their nearly two decade-old strategic partnership with a new multiyear agreement.

Synchrony has earlier partnered with the apparel and home retailer to offer a private label credit card program and a JCPenney Mastercard Dual Card. In addition, Synchrony helped JCPenney integrate credit payments into the retailer's mobile app using SyPi, a Synchrony plug-in.

Under the extended partnership, Synchrony will continue to manage and service payment cards for JCPenney customers at its more than 860 stores in the U.S. and Puerto Rico, as well as JCPenney.com.

The announcement comes two months after Walmart Inc. ended its co-branded card deal with Synchrony.