Synchrony, JCPenney Extend Strategic Partnership - Quick Facts

(RTTNews) - Synchrony (SYF) and JCPenney (JCP) announced a multi-year extension of their strategic partnership to strengthen the intersection of digital and in-store customer experience with mobile technologies. Synchrony will continue to manage and service payment cards for JCPenney customers at the stores in the U.S. and Puerto Rico, as well as JCPenney.com.

James Ward, vice president of credit at JCPenney, said: "We are pleased to renew our agreement with Synchrony, helping us deliver flexible financing options and valuable benefits to our best customers."

JCPenney cardholders are automatically enrolled in JCPenney Rewards, where they can earn points two times faster to receive a $10 reward for future purchases. JCPenney Mastercard cardholders can also earn points when they spend anywhere Mastercard is accepted.