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