Following its acquisition of Magic-Wrighter, Inc., SWBC’s SWIVEL Transactions, LLC, a fintech company specializing in integrated solutions, announced the upcoming full integration of Magic-Wrighter’s LoanPay Xpress (LPX) into SWIVEL’s payment platform.
This transition aims to improve performance and streamline the consumer payment experience. Users of Magic-Wrighter’s LoanPay Xpress (LPX) and New Account Funding platforms will be upgraded to the SWIVEL Platform. With this transition, clients will gain additional features, including Apple Pay support, access to AutoPilot®, enhanced experiences through SWIVEL Pay, and access to SWIVEL’s integration suite.
SWIVEL’s cohesive, mobile-friendly, and browser-based platform is designed to centralize the management of various payment portfolios. It provides easy access to invoicing, settlement reporting, returned transactions, chargebacks, and robust reporting capabilities. For K-12 clients, SWIVEL will continue to offer its all-in-one solution, e~Funds for Schools.
“For our existing Magic-Wrighter clients, we are excited to provide them with access to the full range of benefits that SWIVEL provides, as well as SWIVEL’s extensive resources and proven industry expertise,” said Amanda Crocker, President of SWIVEL. “While the product name may be changing for some, the platform reliability and commitment to service that they have come to expect will not.”
SWIVEL, recognized as a paytech leader, assists financial institutions, K-12 education institutions, and their supporting companies in optimizing and simplifying transaction processes. The company has received industry accolades, including being named a 2024 PayTech Awards USA winner for “Top Innovation in Payments – Solutions for Banks & FIs,” a finalist for “Tech of the Future,” and a 2024 Finovate Awards finalist for “Best Enterprise Payments Solution.” SWIVEL, an SWBC company, offers an integrated platform supporting Apple Pay, Debit, Credit, and ACH payments. The platform serves over 2,000 clients and integrates with existing systems to manage payments, streamline operations, and provide user engagement tools. It also incorporates tailored risk management controls for each transaction, aiding businesses in maintaining compliance and improving payment processes. SWIVEL is a wholly owned subsidiary of SWBC and is headquartered in San Antonio, Texas.
