More NewsDeutsche Bank launches Deutsche Card Services

Deutsche Bank launches Deutsche Card Services

Deutsche Bank’s global transaction banking business has extended its leading cash management product range into the merchant acquiring business, providing credit/debit card clearing and settlement solutions throughout Europe. Deutsche Card Services, a subsidiary of Deutsche Bank, will manage the new business line that adds another feature to Deutsche Bank’s suite of receivables products for its global client base. Deutsche Card Services will be launched on the basis of the reliable platform of Pago eTransaction Services. Pago, a joint venture of Deutsche Bank and Beisheim Holding Schweiz (BHS), focuses on card-based online payments, offering systems for the processing of electronic payments to companies in the e-commerce sector, mail order business as well as brick-and-mortar retailing. Werner Steinmueller, head of global transaction banking, said: “Deutsche Bank has already contributed to and supported the process of introducing SEPA. With Deutsche Card Services, we are now addressing the growing demand for pan-European solutions in the cards area.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

4m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

4m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

5m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

5m Mateo Graziosi