WIVEL’s Connect2Core (C2C) enables
a real-time connection with financial
institution core systems and applications in
order to post payment data to borrowers’
accounts immediately after transactions
submission. C2C also provides account
lookup and the ability to post payment
information to your banking core (i.e.
Symitar).

Experience Real-Time Payment Posting Connect2Core

C2C enhances operational efficiency and offers unique employee and borrower benefits:

Batch file processing for posting
Borrowers will have their
loans credited immediately
Leverages the same process to settle
funds as current posting option
Payment inquiry calls are reduced
Multi-channel real-time posting
Access up-to-date data on borrowers’
account, including posting status

Mark makes payment via web

Sylvia makes payment via IVR

Representative collects John’s payment via Phone

SERVER

SWIVEL’s payment system will generate TEL transactions for payments made via representative or IVR, and WEB transactions for payments submitted via web.
Transactions securely posted utilizing core integration
SWIVEL will securely transmit transaction data in real time via core integration method, including GL offset.

ODFI

One CCD credit transaction will be generated to the designated settlement account and will include the sum of all convenience fees and payments from that day.

ODFI

Our payment system will generate TEL transactions for payments made via representative or IVR, and WEB transactions for payments submitted via web..

Processes in ACH Operator
(Federal Reserve)

Your ACH operators will see one CCD transaction with the payments and fees combined come in through the normal
ACH Channel

Settlement Account

Settlement activity to the Financial Institution based on core requirements.
ACH—Next business day
Card Transactions — Two business days
Cash Transactions — Next business day

The Settlement/Clearing Account Transaction codes utilized for credits:
42 — GL Deposit
22 — Checking Deposit
32 — Savings Deposit