Synchrony Financial Announces the Signing of a Multi-Year Contract with e-Commerce Retailer, zulily
May 09 2017 - 5:30PM
Business Wire
Agreement for zulily’s first-ever private label
credit card program
Synchrony Financial (NYSE:SYF), a premier consumer financial
services company, announced today a multi-year contract providing
consumer financing for e-commerce leader zulily, llc. For the
first-time, zulily will launch a private label credit card program
allowing its customers to purchase the merchandise which they visit
and shop for every day.
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Synchrony Financial has also renewed the consumer financing
program for QVC, a leading global multiplatform retailer. Both QVC
and zulily are wholly owned subsidiaries of Liberty Interactive
Corporation. The launch of the zulily credit card is expected in
late 2017 or early 2018, and will provide millions of customers an
additional payment option with added value to cardholders.
Additionally, QVC’s QCard card holders will be able to use their
card to make purchases on zulily.
“We strive to deliver an exceptional customer experience and
constantly innovate to enhance our customer experience. With over
90% of purchases coming from existing customers*, we believe they
will be delighted with a new financing option that provides added
value to their daily shopping experience,” said Darrell Cavens,
President and CEO of zulily. “We’re partnering with one of the
largest customer driven credit card issuers in the country, and we
look forward to leaning into Synchrony Financial’s extensive
expertise to drive this program for the business as well as provide
a compelling customer benefit.”
“We’re excited to work with a leading retailer like zulily,”
said Tom Quindlen, executive vice president and CEO, Retail Card,
Synchrony Financial. “zulily has demonstrated its ability to engage
and captivate its customers. We look forward to launching a strong
credit card program and working with QVC and zulily to develop and
grow both programs.”
*During the first quarter of 2017.
About Synchrony Financial
Synchrony Financial (NYSE: SYF) is one of the nation’s premier
consumer financial services companies. Our roots in consumer
finance trace back to 1932, and today we are the largest provider
of private label credit cards in the United States based on
purchase volume and receivables.* We provide a range of credit
products through programs we have established with a diverse group
of national and regional retailers, local merchants, manufacturers,
buying groups, industry associations and healthcare service
providers to help generate growth for our partners and offer
financial flexibility to our customers. Through our partners’ over
365,000 locations across the United States and Canada, and their
websites and mobile applications, we offer our customers a variety
of credit products to finance the purchase of goods and services.
Synchrony Financial offers private label and co-branded Dual Card™
credit cards, promotional financing and installment lending,
loyalty programs and FDIC-insured savings products through
Synchrony Bank. More information can be found at
www.synchronyfinancial.com, facebook.com/SynchronyFinancial,
www.linkedin.com/company/synchrony-financial and
twitter.com/SYFNews.
©2017 Synchrony Bank/Synchrony Financial. All rights
reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20170509006782/en/
For Synchrony
Financial855-791-8007media.relations@synchronyfinancial.comorFor
zulilyAndrea Conrad, 206-724-0500 x4805aconrad@zulily.com.orFor
QVCJane Crawford, 484-701-1506jane.crawford@qvc.com
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