SWBC’s Financial Institution Group aligns with MoneyGram International to provide loan payment service
SAN ANTONIO, TX (November 4, 2016) — SWBC, an international financial services company providing a wide range of insurance, mortgage and investment services to individuals, businesses and financial institutions, has announced that its financial institution group increased its number of clients by 15 percent in 2016 through its integration with MoneyGram International (NASDAQ: MGI), a Dallas-based global provider of innovative money transfer and payment services.
This agreement allows borrowers of SWBC’s financial institution clients to pay their loans at any one of MoneyGram’s more than 33,000 locations nationwide or through the company’s award-winning website, MoneyGram.com.
“MoneyGram and SWBC share a common mission to provide customers easy and convenient access to financial services,” said Ross McFerrin, MoneyGram’s vice president of payments. “This agreement gives customers more choices when they want to make a loan payment. Whether they pay online or at a MoneyGram location, MoneyGram is proud to offer consumers a way to make payments wherever and whenever it’s convenient for them.”
Once the customer makes a loan payment, it is seamlessly reported in SWBC’s AutoPilot Payments technology, and settlement to the financial institution is initiated the same day.
“Our relationship with MoneyGram enables one more added service for our clients,” said Jason O’Brien, senior vice president of AutoPilot Payments at SWBC’s financial institution group. “Not only are borrowers benefitting, but financial institutions are providing a broader reach of being able to serve their customers.”
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.
About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.
