SWIVEL® Announces Integration of Magic-Wrighter’s LoanPay Xpress Into SWIVEL’s Payments Platform

SAN ANTONIO--(BUSINESS WIRE)--Following its acquisition of Magic-Wrighter, Inc., SWBC’s SWIVEL Transactions, LLC, a leading fintech company specializing in integrated solutions, today announced the upcoming transition to fully integrate Magic-Wrighter’s LoanPay Xpress (LPX) into SWIVEL’s award-winning payments platform, bringing improved performance and a streamlined experience to better serve consumers’ needs.

“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.”

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Users of Magic-Writer’s LoanPay Xpress (LPX) and New Account Funding platforms will be upgraded to the SWIVEL Platform. With the transition to SWIVEL, those clients gain additional feature functionality, including Apple Pay, access to AutoPilot®, upgraded experiences through SWIVEL Pay, access to SWIVEL's integration suite, and more. SWIVEL’s cohesive, mobile-friendly, browser-based platform helps clients centralize management of their various payments portfolios with easy access to invoicing, settlement reporting, returned transactions, chargebacks, and robust reporting capabilities. For K-12 clients, SWIVEL will continue to provide 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, rest assured that the platform reliability and commitment to service that they have come to expect will not.”

A recognized paytech leader, SWIVEL helps financial institutions, K-12 education institutions, and the companies that support them, optimize and simplify their transaction processes so they can focus on what they do best. SWIVEL is consistently recognized within the industry, including being named a 2024 PayTech Awards USA winner in the category of "Top Innovation in Payments – Solutions for Banks & FIs,” a finalist in the category for “Tech of the Future," and a 2024 Finovate Awards finalist for “Best Enterprise Payments Solution.”

About SWIVEL

SWIVEL®, an SWBC company, offers an integrated platform that simplifies the use of Apple Pay^®, Debit, Credit, and ACH for payments. The platform serves over 2,000 clients, including financial institutions, K-12 education institutions, and the software companies that support them. SWIVEL integrates with existing systems to manage payments, streamline operations, and provide user engagement tools. With tailored risk management controls for each transaction, SWIVEL helps businesses maintain compliance and improve payment processes. The company is a wholly owned subsidiary of SWBC, headquartered in San Antonio, Texas. Find more information at www.getswivel.io.

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