{"id":401004,"date":"2020-12-16T09:10:31","date_gmt":"2020-12-16T14:10:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401004"},"modified":"2020-12-16T09:10:31","modified_gmt":"2020-12-16T14:10:31","slug":"veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\/","title":{"rendered":"Veem Enhances Multi-Rail Payment Technology, Offering More Choice to Small Business Owners"},"content":{"rendered":"<div class=\"mw_release\">\n<p>San Francisco, Dec.  16, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bo7DJGQGC9jbkkuHwxKxuT31-fXikkXuOaIvZDjLCib_a_fVDnrWe8H7kU-9MNdNhx7ZYaDFe8I4b_bNODHMNPKkOdm1GDc57pPjW2ODWz7rvoTvufI3wGsY4zVwogz22lJKUcwlx-zgiaUGpia_y-iTV5lSR_gFmSGQvUOaJs4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>Veem<\/strong><\/a>, a leading provider of online payment solutions for small-to-midsize businesses, today announced core enhancements to its domestic and international routing technology. Following a successful year of growth for the financial technology firm, these enhancements will improve the way businesses pay and get paid within the US and around the world.<\/p>\n<p>Veem\u2019s expansion of its multi-rail technology capabilities builds on its commitment to delivering a payment experience where cost, speed, and security come first. Its transactions can now be routed through six methods or \u201crails,\u201d adding checks and enhanced digital wallet capabilities, to increase the payment optionality that businesses demand.<\/p>\n<p>The expanded multi-rail technology capabilities include:\u00a0<\/p>\n<ul>\n<li>\n          <strong>Digital Wallet<\/strong>: Global real-time wallet-to-wallet payments between holders  <\/li>\n<li>\n          <strong>Blockchain<\/strong>: International real-time payment speed and settlement  <\/li>\n<li>\n          <strong>Treasury<\/strong>: International and US domestic payment acceptance and disbursement between Veem-managed bank accounts  <\/li>\n<li>\n          <strong>SWIFT<\/strong>: International payment routing via SWIFT without the need for antiquated, time-consuming paperwork and bank processes  <\/li>\n<li>\n          <strong>Cards<\/strong>: US domestic Instant Deposit to card payment transactions maintained by American Express, Discover, Mastercard, and Visa  <\/li>\n<li>\n          <strong>Checks<\/strong>: Trackable and integrated US domestic payment option issued by payers to payees via Veem\u2019s payment dashboard  <\/li>\n<\/ul>\n<p>\u201cNow more than ever, small business owners need flexibility from their providers. We\u2019re thrilled to offer more choice to our customers as we continue to grow, scale and improve our product offering and service. Our multi-rail technology is a game changer, offering an unprecedented level of security, speed, and service to small business owners,\u201d said <strong>Marwan Forzley<\/strong>, CEO of Veem.<\/p>\n<p>Unlike banks, Veem\u2019s multi-rail technology empowers business users to transact within a timeline they\u2019re comfortable with. From instant payments \u2014 via Instant Deposit, digital wallet, or blockchain \u2014 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.\u00a0<\/p>\n<p>Veem\u2019s blockchain usage has steadily increased since the firm\u2019s founding in 2014, when it first introduced this powerful technology to the global business-to-business payments industry to improve the transaction experience through enhanced efficiency, security, and reliability. Veem\u2019s multi-rail technology manages the payment routing and determines whether funds will be transferred over the blockchain on behalf of its users.\u00a0<\/p>\n<p>This latest announcement comes on the heels of a rapid growth year for Veem, where the company doubled its user base from 2019.\u00a0<\/p>\n<p>\u201c2021 is an important year for growth and for rapid pace of change. We look forward to bringing small businesses a best-in-class experience that eliminates the need and reliance on slow, traditional payment options. The business community can expect to see even more functionality and innovation from Veem in the new year.\u201d\u00a0<\/p>\n<p> # # # <\/p>\n<p>\n        <strong>About Veem<\/strong>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vqLietGkgL9wDImTeVHInB2PEfRY0njaEvZXYT6J-jZvPrnNxhzXQS0tZTc2qShgcTOnmwkZFw27-0LfO1v3EKfMPTv9GQ-FSjDVCLw0CEjskzY3RfovO0_BwTBssQdJlA_iRAGUr9_9YWlrFAdzI1niAR9mgwbkrlBLwlFjURo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Veem<\/a> simplifies the way businesses send and receive funds globally and within the US and Canada. Trusted by more than 250,000 businesses in over 110 countries, Veem offers a suite of back office financial services that streamline the payments process with partners and suppliers. Veem\u2019s secure payments, combined with seamless integrations with popular business applications, enable businesses to save time and money, while mitigating risk generally associated with international funds transfers. Veem is licensed and regulated in each country and state it serves.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjk1NyMzODgzNjExIzIwOTMwOTA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/62791321-00e3-4073-ba80-4c5d79f4d231\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Shannon Murphy\r\nVeem\r\n613-808-5939\r\nshannon.murphy@veem.com\r\n\r\nNiveen Saleh\r\n5WPR on behalf of Veem\r\n872-237-2345\r\nnsaleh@5wpr.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco, Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Veem, a leading provider of online payment solutions for small-to-midsize businesses, today announced core enhancements to its domestic and international routing technology. Following a successful year of growth for the financial technology firm, these enhancements will improve the way businesses pay and get paid within the US and around the world. Veem\u2019s expansion of its multi-rail technology capabilities builds on its commitment to delivering a payment experience where cost, speed, and security come first. Its transactions can now be routed through six methods or \u201crails,\u201d adding checks and enhanced digital wallet capabilities, to increase the payment optionality that businesses demand. The expanded multi-rail technology capabilities include:\u00a0 Digital Wallet: Global real-time wallet-to-wallet payments &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Veem Enhances Multi-Rail Payment Technology, Offering More Choice to Small Business Owners&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401004","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Veem Enhances Multi-Rail Payment Technology, Offering More Choice to Small Business Owners - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Veem Enhances Multi-Rail Payment Technology, Offering More Choice to Small Business Owners - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"San Francisco, Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Veem, a leading provider of online payment solutions for small-to-midsize businesses, today announced core enhancements to its domestic and international routing technology. Following a successful year of growth for the financial technology firm, these enhancements will improve the way businesses pay and get paid within the US and around the world. Veem\u2019s expansion of its multi-rail technology capabilities builds on its commitment to delivering a payment experience where cost, speed, and security come first. Its transactions can now be routed through six methods or \u201crails,\u201d adding checks and enhanced digital wallet capabilities, to increase the payment optionality that businesses demand. The expanded multi-rail technology capabilities include:\u00a0 Digital Wallet: Global real-time wallet-to-wallet payments &hellip; Continue reading &quot;Veem Enhances Multi-Rail Payment Technology, Offering More Choice to Small Business Owners&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-16T14:10:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjk1NyMzODgzNjExIzIwOTMwOTA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Veem Enhances Multi-Rail Payment Technology, Offering More Choice to Small Business Owners\",\"datePublished\":\"2020-12-16T14:10:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\\\/\"},\"wordCount\":535,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExMjk1NyMzODgzNjExIzIwOTMwOTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veem-enhances-multi-rail-payment-technology-offering-more-choice-to-small-business-owners\\\/\",\"name\":\"Veem Enhances Multi-Rail Payment Technology, Offering More Choice to Small Business Owners - 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