Synchrony Expands its Financing Platform with New Digital Capabilities to Leverage Technology at Point of Sale

Synchrony | November 23, 2020

Synchrony, a premier consumer financial services company, extended its financing stage with new digital capacities that make it quicker and simpler for accomplices to use innovation at the retail location and develop their business.

Synchrony Multisource Financing™ offers extra loaning source s inside the Synchrony Business Center empowering more customer financing prospects. Synchrony has additionally improved its patent-forthcoming dApply capacities to permit quick mix of digital credit applications into an accomplice's business.

Integrated and enhanced financing options

Synchrony presently empowers accomplices to rapidly select with an auxiliary loan specialist to expand their clients' credit application endorsement rate with Multisource Financing. Growing accomplices' installment choices before the special seasons will assist them with driving more deals to fulfillment by empowering more buyers to fund their buys.

Synchrony accomplices can smooth out the credit application and loaning measure by offering purchasers the straightforwardness of finishing one application, for use with extra moneylenders, to discover the financing choice that turns out best for them. With Multisource Financing, Synchrony additionally gives simple admittance to credit applications, account numbers, and buys for both Synchrony and auxiliary loan specialists from one area.

Fast and easy integration

Numerous accomplices don't have the opportunity or assets to deal with extensive, complex IT reconciliations with shopper financing moneylenders. Late improvements to Synchrony's digital application capacity, permit colleagues including local online organizations, to immediately get to the innovation. Surprisingly fast, accomplices can add shopper financing alternatives to their site, web-based media, and advertising with a straightforward reorder of a connection. No coding is needed to flawlessly coordinate and design an outstanding digital application experience.

"We continuously innovate so partners can seamlessly integrate and customize Synchrony's financing platform to their specific business needs. Synchrony enables its partners to quickly, simply, and transparently deliver greater buying power to their consumers wherever they are along their path to purchase," said Neeraj Mehta, CEO, Payment Solutions, Synchrony. "Our newest capabilities enable our partners, regardless of size or industry, to better compete in the digital age by simplifying the process of offering financing, providing more financing sources, and enhancing the consumer experience."

Synchrony's new digital abilities are among numerous inventive, turnkey business devices to rearrange purchaser financing, develop enduring connections, and upgrade client encounters. The company's other fundamental assets that help almost 1,000,000 private ventures oversee, market, and develop their organizations incorporate Business Center, Learning Center, Advertising Center, and Synchrony Connect™.

About Synchrony

Synchrony  is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.

Synchrony is changing what's possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience and customized financing solutions.


When we talk about utilizing video analytics in retail, it is not just about loss prevention. It can also help retailers enhance customer experience. Video analytics and IP camera technology were adopted in the retail industry with an aim to avoiding or reducing the losses from activities such as shoplifting and employee fraud. Nowadays, retail video analytics is not just about loss prevention, but also a key tool for business growth. Video Management System, with built-in Video analytics capability, can help retailers stay competitive by providing insights for delivering value to customers and increase loyalty. Moreover, the ability of video analytics technology to process a large amount of data on a real-time basis can help retailers enhance customer experience in various scenarios.

Other News

MySize Launches FirstLook Smart Mirror, the Ultimate Omnichannel Solution for Retailers

MySize, Inc. | February 04, 2022

MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), the provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, is pleased to announce the availability of its FirstLook Smart Mirror, an interactive, mirror-like touch display that provides shoppers in physical stores with an enhanced, online shopping experience and contactless checkout. The MySizeID FirstLook Smart Mirror was introduced and garnered a positive reception recently at the National Retail Federation (NRF) 2022: Retail's Big Show on January 16-18, 2022 at the Jacob K. Javits Convention Center in New York City. In partnership with GK Software (previously announced in November 2021) MySize has already integrated the MySizeID solution to coud4retail by GK Software, and now lunched the MySizeID FirstLook Smart Mirror provides an interactive, mirror-like touch display that allows brands to provide in-store customers with an enhanced, online shopping experience, contactless checkout and get the recommended size . GK Software has more than 359,000 installations in over 65 countries, as a major player in the international market for retail solutions. The MySizeID FirstLook Smart Mirror seamlessly fits into any retail environment, whether in the fitting rooms (version with no camera) or other high-traffic, strategic locations. Highlight capabilities of the FirstLook Smart Mirror include: 3D "Try-it-on" interactive avatar experience: Life-like, personalized display of an item's exact fit on each customer's body. Personalized and highly accurate size recommendations by MySizeID: Shoppers scan a barcode in-store and receive a size recommendation for the specific apparel item, via their MySizeID profile. Third-party POS systems integration: Access and share data on inventory, sizing, and pricing. Styling recommendations: Provide upsell opportunities with "complete-the-look" styling and apparel personalized recommendations. All based on available inventory and shoppers' preferences. Contactless "select and collect" at the register feature: Selected items are brought to specific POS locations within the store (SmartMirror kiosk, Checkout point, fitting room etc.), for a seamless, hassle-free checkout.\ "The MySizeID FirstLook Smart Mirror has the potential to revolutionize the fashion retail buying experience in the store. It is our first product solution addressing in-person retail shopping. The MySizeID AI-driven measurement and data algorithms drive the FirstLook Smart Mirror in helping increase sale conversions and reduce returns at the physical store retail environment. The retail price ranges between $8,000-$12,000 up front plus a $160 recurring monthly service fee (the price range is based on features, such as speakers, camera, frame and stand). Our sales team and partners are looking forward to demonstrating it for existing, new and prospective clients." -Ronen Luzon, Chief Executive Officer of MySize MySize is the developer of a unique sensor-based measurement technology and the owner of several patented algorithms that capture and calculate measurements in different ways. The Company's technology is one of a kind in its agility, fitting our algorithm to different markets and verticals. MySize is helping eCommerce retailers on multiple platforms, such as Shopify, WooCommerce, Bitrix, and LightSpeed, alongside leading brands such as Levi's, Speedo, US Polo and Boyish Jeans. About MySize, Inc. MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways.

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Newcastle Integrates Epson POS Receipt Printer in New Mobile Powered POS Station

Epson | April 06, 2022

In today's retail and hospitality settings, frictionless check-out is a must-have to remain competitive and ensure customer satisfaction. Epson, a supplier of industry-leading Point of Sale (POS) solutions, and Newcastle Systems, a leading provider of industrial mobile-powered carts designed to make retail floors more efficient, have partnered to deliver a new, fully mobile all-in-one line-busting POS solution. Enabling businesses to create flexible and safe check-out locations from anywhere in the store – indoor or outdoor – the new Mobile Powered POS Station combines an Epson receipt printer and a lightweight, yet durable Newcastle POS powered cart. The Mobile Powered POS Station can use one of many Epson printers, including the OmniLink® TM-T88 series, TM-m30II-NT , OmniLink TM-m50, as well as the award-winning OmniLink TM-m30II-SL compact thermal with built-in tablet mount, and the recently released OmniLink TM-L100 liner-free compatible thermal label printer. "I think everyone has been in a situation in which they've abandoned a purchase, or at least considered it, because the checkout line was too long. The ideal solution to quickly eliminate long lines during peak periods, this new mobile powered POS station with an Epson printer gives businesses the flexibility to add mobile POS locations whenever and wherever they are needed, and further help to facilitate a positive customer shopping experience." Kevin Ledversis, director of sales, Newcastle Systems, Inc. The Mobile Powered POS Station offers remote power, eliminating dangerous extension cords and costly ceiling drops. Designed specifically with high-traffic retail and hospitality markets in mind, the new solution helps ensure customer and employee safety by allowing for safe distancing, with flexible check-out locations almost anywhere indoor or outdoor, making it ideal for curbside pick-up, parking lot events or garden centers. The station can also be customized to match a business's brand. "The pandemic has re-shaped the retail and hospitality market, creating a rapid shift in demand for quick and seamless check-out transactions, leaving businesses with a need for durable and flexible POS solutions that better meet their customers' needs," said Frank Anzures, product manager, Business Systems, Epson America, Inc. "Epson receipt printers are designed to save much needed space and users can choose a model to be configured for tabletop or kiosk self-service use. Leveraging the printer with a Newcastle POS powered cart, retail and hospitality businesses are provided with a fully mobile line-busting solution their busy environments demand." The Newcastle POS powered cart is equipped with an integrated power system designed to hold and power up to four devices for at least eight hours of normal use. When power is running low, businesses can swap out a battery for continuous AC Power. Newcastle Systems has previously integrated Epson ColorWorks® on-demand color label printers into its mobile-powered workstations to create ideal solutions for on-demand finished goods labeling, as well as Epson WorkForce® Pro WF-M5299 monochrome inkjet printers for battery-powered mobile workstations for round-the-clock warehouse shifts. About Epson Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson's goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.

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Tender Retail and Blackhawk Network Announce Expansion of Solution-Oriented Partnership

Tender Retail | January 18, 2022

Tender Retail, a leader in middleware payment solutions for enterprise retail and quick-service restaurant chains, and Blackhawk Network, a global financial technology company, announced a new commercial relationship to help retailers expand their in-store payment options as well as modernize promotional offers and discounts, while streamlining in-store operations and lowering the cost of payment acceptance. The expanded agreement with Blackhawk Network enables Tender Retail to diversify its existing features and payment options for merchants looking for ways to provide better buying experiences and reach untapped spending power. The two market leaders will combine their expertise to develop solutions around features like Buy Now Pay Later (BNPL) and integrate alternative payment methods, such as digital wallets from global providers. Tender Retail has partnered with Blackhawk Network since 2006, delivering prepaid gift card payment integration to enterprise merchants. “We are very excited to strengthen our relationship with Blackhawk to continue to develop enhanced payment options and meet the diverse and rapidly changing demands of consumers,” - Greg Whitnell, Executive Vice President of Tender Retail. Receiving discounts, deals, and rewards is a key driver of loyalty and motivation for shoppers, regardless of the brand or channel. Blackhawk Network brings decades of experience in executing solutions for retailers and companies of consumer product goods. The pre-integrated solutions can help enterprise merchants track engagement to redemption end-to-end, target specific or a group of products, facilitate faster reconciliation and settlement, as well as reduce negative top-line revenue impact generated by discounts such as coupons. "As the customer loyalty and retail landscapes adapt to support global consumers in an omnichannel environment, we are proud to be leading the charge of this innovation alongside Tender Retail, We look forward to collaborating to bring new solutions to our network of partners to further shift the retail payments landscape." -Cory Gaines, CPO, Blackhawk Network. About Tender Retail The Tender Retail payment solution is currently embedded into over 100 leading POS solutions and hundreds of thousands of merchant locations throughout North America, including Fortune 500 companies. With direct to bank processing with major North American payment processors, its flexible and semi-integrated payment solution allows enterprise merchants to choose the PIN Pad of their choice and the payment processor they want to work with. About Blackhawk Network Blackhawk Network delivers branded payment solutions through prepaid products, technologies, and networks that connect brands and people. We collaborate with our partners to innovate, translating market trends in branded payments to increase reach, loyalty, and revenue. We reliably execute security-minded solutions worldwide.

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Cloud POS Market to hit US$ 10 billion by 2028, Says Global Market Insights Inc.

Global Market Insights | March 16, 2022

The cloud point of sale (POS) market is anticipated to surpass USD 10 billion by 2028, as reported in a research study by Global Market Insights Inc. The market growth can be attributed to the growing inclination toward online payments. The interoperability and remote accessibility offered by cloud POS solutions will propel the market growth. Players provide various features, such as online ordering & contactless payments, advanced reporting & business intelligence, labor scheduling, inventory management, and HR services, to manage the payroll in their offerings. The software interlinks different business activities on a single device, enabling owners to increase overall productivity. In addition, the introduction of new software in the market will further propel the industry growth. A growing focus on improving the customer experience in the entertainment & media business will drive the demand for cloud POS systems. For instance, Oracle Corporation offers a comprehensive solution for stadiums including in-seat ordering, self-service kiosks system integration, mobile applications, real-time data alerts, and contactless entry systems. This helps them to reduce overcrowding scenarios and assists them in allocating resources to remove bottlenecks. Technological benefits of the solution will boost utilization and deployment in the existing systems and propel the industry growth. The Europe cloud POS industry is expected to surge, which is credited to the rising penetration of internet services across the region. According to Eurostat statistics, in 2021, the share of European Union (EU) households with internet access grew to around 92%. In addition, broadband internet access used by nearly 90% of the households in 2021 in the EU. This data indicates the growing utilization of the internet for different activities including online banking, video-on-demand, and online shopping. The rising internet adoption will encourage retailers, transportation hubs, and healthcare facilities to integrate cloud POS solutions to digitalize their services and enhance the overall experience of the customer. About Global Market Insights Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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When we talk about utilizing video analytics in retail, it is not just about loss prevention. It can also help retailers enhance customer experience. Video analytics and IP camera technology were adopted in the retail industry with an aim to avoiding or reducing the losses from activities such as shoplifting and employee fraud. Nowadays, retail video analytics is not just about loss prevention, but also a key tool for business growth. Video Management System, with built-in Video analytics capability, can help retailers stay competitive by providing insights for delivering value to customers and increase loyalty. Moreover, the ability of video analytics technology to process a large amount of data on a real-time basis can help retailers enhance customer experience in various scenarios.