# Professor Kathleen DeRose comments on the impact of Synchrony Financial's acquisition of PayPal’s consumer credit portfolio on the future of digital payments

1 Faculty News July 4, 2018 ![Stamford Advocate 192 x 144](/sites/default/files/styles/246w/public/assets/images/stamfordadvocate192x144.jpg?itok=vvoCZKgc)>

Excerpt from [Stamford Advocate](https://www.stamfordadvocate.com/business/article/Synchrony-closes-on-10-figure-deal-with-PayPal-13047275.php) -- "'We’re looking at the end of the cash era, and that means everyone in the payments stack is looking to position themselves,' said [Kathleen DeRose](http://www.stern.nyu.edu/faculty/bio/kathleen-derose), a clinical associate professor of finance in New York University’s business school, said in a recent interview. 'From Synchrony’s perspective, they benefit from economies of scale.'”

[Read more](https://www.stamfordadvocate.com/business/article/Synchrony-closes-on-10-figure-deal-with-PayPal-13047275.php)