Latest news with #Synchrony
Yahoo
5 days ago
- Health
- Yahoo
What you need to know before financing healthcare costs
Most Americans are putting off medical treatment due to expensive out-of-pocket health costs. Beto Casellas, CEO of Synchrony's Health & Wellness Platform, joins Wealth to discuss a new initiative aimed at helping consumers finance treatment through clearer, more transparent options. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
14-06-2025
- Business
- CNET
You Still Can't Use Apple Pay at Walmart but You Have Another Digital Wallet Option
If you're shopping at Walmart, your digital payments options are limited to the OnePay Wallet or Walmart Pay. Kativ/Getty Images If you're shopping in-store at Walmart, you can't use Apple Pay or Google Pay to make a purchase. But Walmart introduced a credit card that already offers its own digital wallet. OnePay, a Walmart majority-owned fintech, announced it's partnering with financial service Synchrony to introduce a Walmart-branded credit card this fall but you can use the OnePay digital wallet now to shop at Walmart. Early this spring, OnePay partnered with Buy Now Pay Later app Klarna to offer installment loans for purchases at Walmart. Synchrony, a big player in the retail credit card industry, used to be Walmart's credit card issuer before the retailer switched to Capital One in 2018. That relationship ended in 2023 when Walmart sued the bank to end the partnership ahead of schedule. Walmart also will continue to accept its own digital wallet, Walmart Pay, which was launched in 2016. And you can still use most major credit and debit cards when buying something in-store or online. Digital wallets like Apple Pay have grown in popularity in the past several years, offering the convenience of paying without having to carry a credit card. Digital cards also keep your transactions more secure than when using a physical card. Apple Wallets and Google Wallets can store payment options as well as your digital hotel key, boarding passes and concert tickets. The OnePay Wallet, which can only be used at Walmart and on is limited to storing up to 20 credit or debit cards and cannot hold other digital documents or passes. We'll break down all your payment options when shopping at Walmart. Why doesn't Walmart accept Apple Pay or Google Pay? Walmart, with more than 4,600 locations across the country, is one of the last major retailers to refuse to accept popular third-party contactless payment options like Google Pay and Apple Pay. (However, you can use your Apple Card, just not through Apple Pay.) By sticking to its own mobile payment apps, Walmart avoids paying fees for third-party options and can more easily track your purchase history. However, that exclusivity also makes purchases less convenient for customers who use digital apps and wallets as their primary means of payment. How to use OnePay Here's how to use the OnePay wallet to make a contactless payment for your Walmart purchases: Download the OnePay app and sign up for an account Add any debit or credit card to your OnePay Wallet -- If you already have a OnePay debit card, it will automatically be added to your wallet When checking out, scan the QR code that appears on the payment terminal or self-checkout screen You can also sign up for OnePay Wallet during checkout. You'll just need a credit or debit card to add to the OnePay Wallet the first time. After that, the OnePay Wallet will become your default payment method at checkout. If you're a regular Walmart shopper, the OnePay option could potentially help you save because it lets you earn reward points for every purchase, which can then be redeemed for cash back if you have a OnePay Cash account. New customers who sign up directly with OnePay Wallet can earn $15 cash back when they spend $15 or more in-store at Walmart or on How to use Walmart Pay If you download the Walmart app, you can add payment methods in a wallet within Account Settings, then use them with Walmart Pay. The app allows you to store a variety of payment methods: Credit and debit cards from most of the major issuers, including Visa, Mastercard, American Express and Discover Bank account Walmart gift cards Electronic Benefits Transfer Health care benefits cards, like HSA and FSA PayPal If you're in a store, you can use Walmart Pay within the app and then scan the QR code at checkout to pay for your purchase. When the payment is complete, you'll receive a digital receipt in the app. Alternative payment options to Walmart Pay If you don't want to use the Walmart app or the OnePay wallet, you can still make purchases at Walmart. If you're making a purchase in store, you can use cash, credit and debit cards, Walmart gift cards, Electronic Benefits Transfer, HSA and FSA cards, or PayPal (in some locations). To use PayPal at the register, you'll need the PayPal app. From the menu, select In-person & QR code to set up in-person payments. Choose "Show to pay" and a QR code will be generated, which can be scanned by the cashier to process your payment. Walmart also accepts PayPal for online purchases. If your Walmart doesn't offer PayPal at the register and you want an extra layer of security protecting your bank account or card number, you can order the item online and pay using your PayPal account. You can also still technically use your other digital wallets to shop online at Walmart online. You'll just need to enter your credit card number when checking out. In a digital wallet, you can find your card number by clicking on the payment method in the wallet, then going to the menu in the top left corner and clicking on Card Number. You'll see your card number (or virtual card number, if available), expiration date and security code, which you'll need to enter in as payment info on the
Yahoo
11-06-2025
- Business
- Yahoo
Making Dreams a Reality: Synchrony Teams Up with Future 5 to Empower Students in Stamford
STAMFORD, Conn., June 11, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company headquartered in Stamford, this week joined students and community leaders to celebrate the opening of the new Future 5 hub. Located in the heart of downtown, the hub is just one facet of Synchrony's partnership with Future 5 and will be a space for disconnected Stamford High School students to link with their community, peers, and coaches to work toward college, careers, and future success. A 2023 report highlighted that approximately 1 in 5 young people aged 14 to 26 in Connecticut were disconnected or at risk of disconnection from employment and education institutions. Synchrony's funding and collaboration with Future 5 for the last four years aims to bridge that gap through skills building and education. This year, 65 high school seniors in the Future 5 program received more than 400 college acceptances to 117+ different colleges and universities. In an effort to prepare students for the skills and careers of the future, Future5 is also a Synchrony Skills Academy partner. Students participate in the after-school Tech Accelerator Program, offered in partnership with District Arts and Education (DAE), to develop new skills in digital content creation, full-stack engineering, STEM, robotics, Gen AI and 3D printing. Located at the Synchrony headquarters in Stamford, students also gain real-world corporate office exposure. A handful of participants have even been hired by Synchrony as full-time employees. "My journey at Future 5 has had an incredible impact on my life and my future. Not only have I found a community to belong to, but I've also made strong friendships and important connections along the way," said Nico Ortiz, Future 5 Student from Westhill High School and entering Freshman at Quinnipiac University. "Our new space has made my experience at Future 5 even more enjoyable, and I am grateful to Synchrony for helping to make our new house a home." "Synchrony supports hundreds of thousands of American businesses in reaching their dreams through financing opportunities, and here in our home state, we're committed to giving students access to educational opportunities to achieve their dreams," said Sue Bishop, Chief Corporate Affairs Officer, Synchrony. "Future success for so many Stamford students starts here, and we're thrilled to be a part of so many assets of Future 5's growth." This month, Synchrony is also supporting Future 5 with a group of cross-functional volunteers as part of its Business Leadership Program's month of service. During this unique experience, employees take a fully-paid month away from their desks to work side by side with local nonprofits to develop long-lasting solutions that leave an impact on the community. For more information about Synchrony's impact in Connecticut and beyond, visit: About Synchrony Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®. For more information, visit Media ContactTyler View original content to download multimedia: SOURCE Synchrony Financial Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Walmart taps Mastercard, Synchrony for new cards
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. OnePay, a digital financial services venture majority owned by Walmart, is collaborating with Synchrony and Mastercard to issue new credit cards for the retail behemoth, according to a Monday press release. The digital financial services entity, which is also backed by Ribbit Capital, will work with the card issuer and the network to launch general purpose and private label credit cards this fall, per the release. 'The credit card functionality will be embedded inside the OnePay app,' the release said, referencing the functionality of the new card to be issued by Synchrony, with processing by Mastercard. Bentonville, Arkansas-based Walmart has long been seeking ways to reduce the costs that it incurs when consumers use card payments across its chain of stores. Banks that issue credit cards and the networks that process payments charge merchants fees every time a card is swiped. The retailer has been working with the venture capital firm Ribbit since at least 2021 to develop new ways for customers to pay. OnePay already offers a digital wallet as well as banking, financing and peer-to-peer payments services. Walmart added new payment options in recent years as it seeks to become a destination for financial services and as a bevy of financial technology companies scramble to profit from new payment channels across an increasingly digitized payments ecosystem. Early in the development of OnePay, Ribbit poached two top executives — Omer Ismail and David Stark — from Goldman Sachs's consumer bank, Marcus. 'Our goal with this credit card program is to deliver an experience for consumers that's transparent, rewarding, and easy to use,' Ismail, the CEO of OnePay, said in the release. Mastercard is the second-largest U.S. network behind rival Visa. Synchrony has long issued white label cards for retailers and has often worked with consumers that have below prime credit histories. Recommended Reading Walmart drives toward instant payments Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Walmart's OnePay partners Synchrony for credit card programme
Walmart-backed consumer fintech firm OnePay has joined forces with Synchrony to exclusively launch a new credit card programme for Walmart. Scheduled for release in the upcoming fall, the programme will be accessible through the OnePay app and supported by Mastercard's payment network, targeting Walmart's US customers. This initiative, in partnership with Synchrony and Mastercard, will provide customers with a financial management tool, encompassing saving, spending, borrowing, and investing. The programme will feature two types of cards - a general-purpose card accepted wherever Mastercard is used, and a private label card exclusive to Walmart purchases. Both cards will be integrated into the OnePay app, enabling access to OnePay's financial services. OnePay CEO Omer Ismail said: "Our goal with this credit card programme is to deliver an experience for consumers that's transparent, rewarding, and easy to use. We're excited to be partnering with Synchrony to launch a programme at Walmart that checks each of those boxes and will help serve millions of people." Synchrony CEO and president Brian Doubles stated: "We are proud to be selected by OnePay to further our mission of helping people live better and build healthier financial futures with Walmart. Together, we aim to drive even greater innovation and new credit experiences to better serve customers while driving long-term, high-quality growth." This partnership signifies Walmart's return to Synchrony, which had previously issued Walmart-branded credit cards until 2018, before losing the contract to Capital One, as reported by Reuters. Walmart's decision to part ways with Capital One in 2024 was influenced by operational concerns, including delayed transaction updates and the prolonged issuance of replacement cards. In March, OnePay collaborated with Klarna to provide exclusive instalment loans to Walmart shoppers in the US. "Walmart's OnePay partners Synchrony for credit card programme " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
