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.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.