Deutsche Bank Appointed as European Cash Management Bank by Online Retailer Amazon.com
Amazon.com, the world’s largest online retailer, has selected Deutsche Bank to act as its European Cash Management bank. The world’s leading Internet retailer has chosen Deutsche Bank to support its online expansion across Europe. The cash management system provided for Amazon will feature ACH* credits and collections, cheque issuance and collection, treasury payments and cross-border cash concentration. The Bank’s electronic banking system, db-direct, facilitates account reporting and treasury payments and provides a platform for banking and treasury services.