Synchrony To Acquire Ally’s POS Financing Unit And Other Digital Transactions News briefs from 1/19/24

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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