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.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more