SWIVEL™ to Improve Transaction Enablement - SWBC


SWIVEL™ to Improve Transaction Enablement

Press Releases February 8, 2024
SWIVEL™ to Improve Transaction Enablement

SAN ANTONIO, TX (February 8, 2024) – SWIVEL is excited to announce it is working with J.P. Morgan Payments to improve its offering around direct card processing. The integration is part of SWIVEL’s long-term initiative to provide its clients with more robust transaction enablement.

SWIVEL selected J.P. Morgan Payments under their payment facilitator (PayFac) model to process direct card transactions and continue migrating clients from their indirect/referral model. This collaboration solidifies SWIVEL's position as a frontrunner in the industry and aligns its vision to offer top-notch transaction facilitation services.

“We’re proud to be working with such a strong bank to continue building an amazing card processing program that better supports our clients and enables additional features,” said Jason O’Brien, CEO of SWIVEL.

In 2020, SWIVEL entered the direct card processing space to serve its clients better. The company developed software in 2021 to process card transactions under the independent sales organization (ISO) model. SWIVEL's dedication to providing value-driven solutions reinforces its commitment to fostering solid, long-standing client relationships.

SWIVEL has more than 800 clients and processes $3.5 billion a year in card transactions under the indirect model. J.P. Morgan Payments processes nearly $10 trillion payments daily across 120+ currencies in 160+ countries with a capacity of 7,000 per second, making them the largest transactor in USD payments volume.

SWIVEL Transactions, LLC, 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 departments, while also mitigating risks associated with moving funds in digital domains. More than 800 financial institutions use SWIVEL's payment solutions across the United States. The company is a wholly owned subsidiary of SWBC, headquartered in San Antonio, Texas. For more information about SWIVEL and its innovative solutions, visit getswivel.io.

About SWBC
As a diversified financial services company, SWBC provides financial institutions, businesses, and individuals a wide range of services, including insurance, mortgages, wealth management, employee benefits, and more. Headquartered in San Antonio, Texas, SWBC has partners and divisions across all 50 states and manages business around the world. No matter how wide its reach, SWBC always listens to its customers’ needs, analyzes their current situations, and recommends customized solutions. For more information about our innovative approach to personalized service, visit SWBC’s website at swbc.com.


Media Contact

Lisa Pinto

Vice PresidentPublic Relations & Corporate Communications

Media Resources

Looking for executive bios, logos, images, and more? Visit our Media Library!

Related News

SWIVEL™ to Improve Transaction Enablement
February 8, 2024

SWIVEL™ to Improve Transaction Enablement

Brigati Joins SWBC Investment Services as Director of Strategic Initiatives and Fixed-Income Research
January 10, 2024

Brigati Joins SWBC Investment Services as Director of Strategic Initiatives and Fixed-Income Research

SWBC’s SWIVEL™ Acquires Magic-Wrighter, Inc.
December 4, 2023

SWBC’s SWIVEL™ Acquires Magic-Wrighter, Inc.

No content

A problem occurred while loading content.

Contact Us

Mega Menu Insert

subMenu3 Content Insert | 3 Columns

subMenu16 Content Insert | 1 Columns

subMenu18 Content Insert | 1 Columns

subMenu15 Content Insert | 1 Columns

subMenu14 Content Insert | 1 Columns

subMenu13 Content Insert | 2 Columns

subMenu4 Content Insert | 3 Columns

subMenu9 Content Insert | 1 Columns

subMenu17 Content Insert | 1 Columns

subMenu12 Content Insert | 3 Columns

subMenu11 Content Insert | 1 Columns

subMenu5 Content Insert | 1 Columns

subMenu8 Content Insert | 1 Columns

subMenu10 Content Insert | 1 Columns

subMenu2 Content Insert | 3 Columns

subMenu6 Content Insert | 1 Columns