Veem announces developments to its domestic and international routing technology

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: 

• 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.