Article

Mentioned Companies:

Synchrony Car Care Card

Automotive and medical expenses have been identified by Synchrony Financial, the largest U.S. private label credit card issuer, as opportunities to issue credit card products that can be promoted for use in “purpose networks” of related acceptance locations. Purpose networks expand on private label cards, which require consumers to limit spending to a single merchant. They have similarity to general purpose networks in that there is opportunity to spend at different merchants. However, with purpose networks all merchants are of a particular category. Synchrony began its private label cr...

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June 2017
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