Tag: Synergy

Explore the collapse of Synergy’s prepaid restaurant gift card network, the impact on cardholders and merchants, and lessons for payments, unsecured liabilities, and risk management in the banking and payments ecosystem.

Credit card balances, Shake Shack Cashless, First Data RBL Bank card processing

When a Prepaid Issuer Goes Belly-Up, Who’s on the Hook?

by Tom Nawrocki

February 3, 2026

After Synergy abruptly shuttered its restaurant gift card program over the weekend, consumers were left holding stacks of apparently worthless ...

Commercial Payments
Credit
Debit
Digital Assets & Crypto
Emerging Payments
Fraud & Security
Merchant
Prepaid

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Tag: Synergy

When a Prepaid Issuer Goes Belly-Up, Who’s on the Hook?

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