Alkami and SWIVEL Partner to Provide Financial Institutions with Improved Payments Functionality
SWIVEL's Transaction Enablement Platform™ enables
"Today, many financial institutions suffer from a lack of payment options for consumers to pay loans and a lack of integration with client systems," said
SWIVEL's Payments Processing solution offers financial institutions a convenient and efficient way to originate, track and process automated clearing house (ACH) and card-based payments. As a result of this partnership,
- A flexible, self-serve payment experience, allowing users to make loan payments with their choice of payment methods and types
- Reduced call center volume associated with payments processing, leading to increased payment volume and adoption
- Settlement of all payment channels through a single source, posting payments directly to the loan
- A fully responsive, white-labeled loan payment portal, optimized for web and mobile
- Assurance that all payments are processed in adherence with network rules and card guidelines
- Secure and reliable loan payment transactions, backed by SWIVEL's complimentary unusual activity monitoring service.
"Our partnership with SWIVEL means that we can continue to offer our bank and credit union clients more choices, speed and flexibility when it comes to payment options for their account holders – a benefit that we know end consumers are increasingly coming to expect," said
About
About SWIVEL
SWIVEL is a financial technology and services company providing specialized, integrated transaction enablement solutions that remove friction for account holders, borrowers, and departments across financial institutions, as well as collections agencies and offices, while also mitigating risks associated with payments processing in the digital environment and moving funds in digital domains. The company is a wholly owned subsidiary of SWBC, headquartered in
Media Relations Contacts
Vested
alkami@fullyvested.com
marla.pieton@alkami.com
lpinto@swbc.com
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