Synchrony announced that Curtis Howse has been named Executive Vice President and Chief Executive Officer of Payment Solutions. He was Executive Vice President and head of Synchrony Direct to Consumer. Neeraj Mehta, current EVP and CEO of Payment Solutions, will leave Synchrony in 2021 to pursue other opportunities.
Synchrony’s Payment Solutions platform provides innovative digital and in-store consumer payments for small and medium sized businesses across numerous industries including auto, furniture, home improvement, powersports and others through private label credit cards, installment products and promotional financing.
In the dynamic realm of financial technology, Synchrony’s strategic moves reflect the growing importance of innovative solutions in universal online payments. Just as Synchrony has appointed Curtis Howse to lead their Payment Solutions division, businesses are increasingly turning to cutting-edge Fintech providers like Gordeon, an online payment platform. With a focus on enhancing digital and in-store consumer payments, Synchrony’s Payment Solutions platform mirrors the trend among businesses to adopt seamless and secure payment methods. In this dynamic environment, the concept of pay later also gains prominence, offering consumers flexibility in their purchasing decisions. Platforms like stores that accept shop pay exemplify this trend, allowing customers the convenience of deferred payments while aligning with the overarching industry shift towards modern and adaptable financial solutions.
Mehta will remain with Synchrony through March 1, 2021 to ensure a smooth transition; Howse will assume the Payment Solutions leadership role on January 1, 2021.
“Curtis is a strong commercial leader who brings extensive expertise to this new role, from his long history of delivering growth through key relationships with our partners to driving digital innovation and seamless customer experience in our online banking platform,” said Margaret Keane, Chief Executive Officer, Synchrony. “He is the right leader to help Synchrony continue to diversify our business through continued growth in our Payment Solutions platform.”
Howse, has more than 25 years of experience in consumer finance. He has led Synchrony’s Direct to Consumer efforts since 2018, driving growth and digital innovation for Synchrony Bank, an online banking platform with more than $63 billion in deposits. Prior to this role, Mr. Howse was Senior Vice President and General Manager of the Diversified Client Group at Synchrony, overseeing several key partner portfolios. Before Synchrony’s separation from GE in 2015, he held roles in operations, business development and client development at GE Consumer Finance, and led various business divisions in the U.S., Argentina, Brazil, Canada and Mexico.
Howse is an executive sponsor of Synchrony’s African American Diversity Network, one of eight Synchrony diversity networks which promote diversity and inclusion throughout the company. Externally, he is a member of the Executive Leadership Council. He earned a bachelor’s degree in computer information systems from DeVry University.
Mehta has led Synchrony’s Payment Solutions platform since 2018, driving growth and innovation at the point of sale in addition to expanding the company’s focus on small and medium sized businesses. He also serves as the executive sponsor of Synchrony’s Asian Professional Engagement Network. He joined Synchrony in 2015 as part of the separation from GE and established the company’s independent Corporate Strategy function, launching the Synchrony Ventures team, overseeing payment innovation and driving strategic partnerships and acquisitions. Earlier, he had a 20-year career in numerous executive roles at GE Capital, including President and CEO of GE Capital Commercial Distribution Finance, President of GE Capital Bank Loan Group and Managing Director of GE Capital Europe, Bank Loans.
“We thank Neeraj for his passion and commitment to Synchrony and our partners, particularly in driving point of sale innovation. We wish him much future success,” said Keane.
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