Deutsche Bank Launches Outsourcing Solution for European Cheque Business

Deutsche Bank Global Cash Management (GCM) has launched db-cheque as an outsourcing service for corporates’ cheque payments in Europe. db-cheque supports a global paper-based payment service and enables Deutsche Bank customers to streamline their cheque generation business worldwide, according to the organisation. GCM noted that db-cheque would also expand the range of products delivered through db-worldPAS, the Bank’s solution for global payment and collection transaction processing. Andrew England, Head of Product Management at Deutsche Bank, GCM, commented: ‘dbcheque offers corporates multiple benefits in the global payment delivery service. First and foremost, the direct costs for maintaining technical equipment and expenses associated with a decentralised account structure can be reduced.’ Separately, Bosch and Siemens Hausgeräte GmbH (BSH) have mandated Deutsche Bank Global Cash Management as their global electronic bill presentment and payment (EBPP) provider.


Related reading

New consumer banking head for Citi Asia Pacific