Veem announces developments to its domestic and international routing technology

Thursday 17 December 2020 09:15 CET | News

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Veem, a provider of online payment solutions for SMBs, has announced several developments to its domestic and international routing technology.

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Veem’s transactions can now be routed through six methods or “rails,” adding checks and digital wallet capabilities, to increase the payment optionality that businesses demand.

The expanded multi-rail technology capabilities include: 

  • digital Wallet: global real-time wallet-to-wallet payments between holders;
  • blockchain: international real-time payment speed and settlement;
  • treasury: international and US domestic payment acceptance and disbursement between veem-managed bank accounts;
  • Swift: international payment routing via Swift without the need for antiquated, time-consuming paperwork and bank processes;
  • cards: US domestic Instant Deposit to card payment transactions maintained by American Express, Discover, Mastercard, and Visa;
  • checks: trackable and integrated us domestic payment option issued by payers to payees via Veem’s payment dashboard.

From instant payments — via Instant Deposit, digital wallet, or blockchain — to slower transactions, like paper checks, account holders can spend, send, reconcile and receive funds the way they want directly from their desktop or smartphone.

Veem’s multi-rail technology manages the payment routing and determines whether funds will be transferred over the blockchain on behalf of its users. 

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Keywords: Veem, routing, blockchain, digital wallet, payment rail, online payments
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce