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June 3, 2021Blog Posts

Veem brings no-fee payments processing to Canada

Finextra

Veem, a leading provider of online payment solutions, announced the expansion of its no-fees domestic payment services to Canada, including Québec. Named Veem Local Canada, the tool includes Electronic Funds Transfers (EFT), giving Canadian business owners a new, easy-to-use tool for payment options.

Veem Local Canada provides businesses with an all-in-one, end-to-end solution for cross payments between provinces and territories across the country. Other key features include no fund caps, payment workflow solutions such as an enhanced reconciliation process, integrations with Quickbooks and Xero, and free features including invoice capture and tiered approval flow.

Today, businesses are still dealing with the nuisance of monthly subscriptions and per-use, per-transaction costs for domestic transactions from other payment platforms. Frustrating small business owners, this traditional process would force businesses to spend precious time reconciling and re-entering payment data into separate applications, while paying unnecessary fees to access necessary payment features. With Veem Local Canada, small and medium-sized businesses can now utilize a sophisticated online product to send, receive, and reconcile business payments within Canada.

Send Money Online With Veem International Money Transfer Payments

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The Strawhecker Group (TSG), the largest analytics and consulting firm focused on the payments acceptance industry, is proud to announce that Fiserv has won the inaugural Omnichannel Provider of the Year award. Read the press release.

Through an in-depth review and submission process, payments providers were asked to explain why their omnichannel solution provided the most seamless payment experience across in-store, online, and mobile channels.

In analyzing the submissions, and taking into special consideration which providers offered the most comprehensive and versatile solutions, Fiserv was selected for this year’s award. The flexibility of the Clover® platform for SMB merchants, coupled with the multifaceted interface of Carat, an omnichannel commerce ecosystem built for large enterprises, solidified the Fiserv team as a true leader in omnichannel commerce.

Additionally, Cybersource, A Visa Solution, received second place for its versatile gateway solution. Through integration, Cybersource is able to merge and facilitate selling through numerous channels all with centralized reporting, cementing them as TSG’s distinguished runner-up.

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