Deutsche Card Services Expands Domestic Services for POS Card Payment Solutions

Deutsche Card Services, a subsidiary of Deutsche Bank, has expanded its stationary point-of-sale (POS) card payment solutions. In addition to the existing service of credit card acceptance in the stationary POS business, Deutsche Card Services will directly offer payment terminals and the national card payment methods girocard (formerly electronic cash), direct debit and GeldKarte (German chip-based electronic purse system) in the German market.

As a result, it now offers a full range of services for card payment acceptance and processing in the POS business analogue to its existing offer in the distance selling business (e-commerce, mail and telephone order).

“The demand for a pan-European, comprehensive debt collection solution is continuously increasing, regardless of whether the debts were created by card or other payment methods,” said Daniel Marovitz, head of product management, Global Transaction Banking, Deutsche Bank. “We are looking to utilise synergies stemming from our leading position in European e-commerce, the existing POS solutions of Deutsche Bank in Italy, Spain and the Netherlands, as well as the bank’s extensive know-how in European cashless payments, to ensure our clients benefit as quickly as possible from a pan-European solution.”


Related reading

New consumer banking head for Citi Asia Pacific