Synchrony Enters Long-Term Extension Of Nearly 25-year Partnership With JCPenney
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Synchrony has extended its long-term partnership with JCPenney, continuing their nearly 25-year collaboration to manage and service credit cards for JCPenney customers across the U.S. and Puerto Rico.
October 30, 2024 | 11:16 am
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Synchrony has extended its partnership with JCPenney, continuing to manage and service credit cards for the retailer's customers. This long-term extension reinforces Synchrony's role in JCPenney's financial services.
The extension of the partnership with JCPenney is likely to have a positive impact on Synchrony's stock as it secures a long-term revenue stream from managing JCPenney's credit cards. This partnership has been in place for nearly 25 years, indicating stability and trust between the companies.
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