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In today’s digital-first world, convenience is king, and SWIVEL is here to help financial institutions deliver it securely. Consumers expect seamless, fast, and secure payment experiences. That’s why SWIVEL’s Stored Cards feature is designed to help your institution meet those expectations while maintaining the highest standards of security and compliance.
Why Stored Cards Matter and Why Security Is Non-Negotiable
Consumers are increasingly opting to store their card information for faster checkouts. But with that convenience comes a critical question: How secure is that stored data? At SWIVEL, we understand that your institution’s reputation and your account holders’ trust depend on the answer. That’s why our platform is built with a security-first mindset. This allows your financial institution to offer stored cards confidently, knowing your users’ data is protected.
Enhancing the Account Holder Experience with SWIVEL
When your account holders finance a loan through your institution, they don’t want to re-enter their card details every month. With SWIVEL’s Stored Cards feature, users can securely save their payment information to improve the user experience and increase the likelihood of on-time payments, benefiting both your customers and your bottom line.
If your institution already allows account holders to store payment methods for ACH transactions, implementing stored cards will feel familiar. SWIVEL’s Stored Cards feature offers the same convenience and reliability, now extended to card payments. This consistency helps streamline your operations while giving account holders more flexibility in how they pay.
What Makes Stored Cards Secure?
Stored card data includes sensitive information like card numbers, expiration dates, and CVVs. If mishandled, this data can be a target for fraud and identity theft. That’s why SWIVEL’s platform is engineered to exceed security expectations, giving your institution peace of mind.
Here’s how we help you stay secure:
- PCI DSS Compliance: SWIVEL ensures your institution meets all Payment Card Industry Data Security Standards, so you stay compliant and protected.
- End-to-End Encryption: All card data is encrypted from the moment it’s entered, making it unreadable to unauthorized parties.
- Tokenization: We replace sensitive card data with secure tokens, rendering it useless to hackers.
- Multi-Factor Authentication: SWIVEL supports MFA to add an extra layer of protection for your users.
- Ongoing Security Audits: Our systems undergo continuous testing and monitoring to stay ahead of emerging threats.
Why SWIVEL
SWIVEL understands your regulatory environment, your operational challenges, and your consumers’ expectations. That’s why we’ve built a platform that not only meets compliance standards but also enhances the user experience. The Stored Cards feature is now available to all SWIVEL Card Processing clients at no additional cost, backed by the same trusted security and service we’re known for. Let SWIVEL handle the complexity, so you can focus on your customers. Contact us to learn more today!
