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- Synchrony Financial said it will acquire the point-of-sale financing business of Ally Financial Inc. The portfolio includes $2.2 billion in loan receivables and includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and health care. Terms were not disclosed.
- Alchemy Pay, whose gateway supports conversion of fiat money to cryptocurrency and vice versa, launched its service on Bitcoin.com, a cryptocurrency exchange.
- The fintech Mercury Financial said its credit card customers can link their cards to Amazon.com Inc.’s Amazon wallet. The move follows by a year Mercury’s announcement that its cards are eligible for the Amazon Shop with Points program. Mercury, whose cards are issued by First Bank & Trust, claims 1.6 million cardholders.
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