Veem Introduces Real-time Deposits for Small-to-Midsize Businesses

Veem, a global payments network built for business, has launched Deposit-to-Debit — a real-time payment capability aimed at speeding up the time associated with traditional account-to-account transfers.

Stabilizing cash-flow is a major challenge for small-to-midsize businesses. Inefficient wire transfers and fragmented accounting processes force businesses to wait several days to receive payments from their payers. For small businesses expanding their services globally, any delay can affect budget planning and future projects.

Designed with small-to-midsize businesses in mind, Veem’s Deposit-to-Debit solution enables users to receive real-time payments directly into their debit account. With this premium feature, small-to-midsize businesses have:

Funds at their fingertips: Never worry about late payments or antiquated bank wire processing speeds again.
Robust cash flow management: Accurately budget and plan with real-time payments.
Strengthened business relationships: Avoid awkward conversations with business partners, and get money when it’s due.
All-inclusive pricing: No hidden costs or monthly subscription fees.

“In the past, it took three or more days for funds to hit my account,” said Nick Hill, CEO, Altitude Technology Consulting, “With Veem’s Deposit-to-Debit, I saw funds on my debit card immediately.”

“Veem Deposit-to-Debit is convenient, simple and hassle-free,” said Britnee Johnson, freelance contractor, “Access to real-time payment has streamlined my accounts receivable process.”

“When it comes to financial technology innovations that support business payments, small-and-midsize businesses are often forgotten,” said Marwan Forzley, CEO, Veem. “We are always listening to our customers as part of our mission to offer valuable features that level the playing field and empower businesses of every size. This new capability provides flexibility in the way businesses receive payments and manage cash flow.”