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Nationwide Buying Group Synchrony [LATEST]

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Nationwide Buying Group Synchrony [LATEST]

: Synchrony’s program supports more than 1,800 participating NMG retail locations across the United States.

: Enhanced tools for retailers to manage financing and pull reports on customers' available credit to drive "Open to Buy" marketing campaigns. Consumer Features

The partnership between and Synchrony is a long-standing strategic alliance that provides independent retailers with consumer financing solutions to compete with national chains. Partnership Overview nationwide buying group synchrony

: A "credit cascade" or waterfall program automatically sends applicants declined by Synchrony to secondary lenders like Genesis Credit, increasing total approval rates without requiring additional applications. Integrated Digital Tools :

: The relationship has spanned over 17 years, with a multi-year extension announced to continue the partnership into the next decade. Partnership Overview : A "credit cascade" or waterfall

: The program primarily serves retailers in the furniture, appliances, consumer electronics, and home furnishings sectors. Key Member Benefits

: A digital tool integrated into NMG's "OneShop" platform that streamlines online financing and checkout. Key Member Benefits : A digital tool integrated

: NMG members can access lower credit card processing fees for Private Label Credit Cards (PLCC) compared to traditional Visa/Mastercard rates, sometimes around ~1% for 6-month "No Interest" promotions.