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, with immediate effect, 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.
The bank has said that as a result, it now offers a complete 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).
Reportedly, Deutsche Card Services will introduce these additional services in main western European markets in the near future, thereby offering a service range in the POS and distance selling area. The bank expects that the clients will no longer face the complexity to use individual national solutions with a number of different systems, terminals and service levels which currently prevail in Europe.
Detlef Henkel, chairman of the management board of Deutsche Card Services, said: “This offers substantial benefits for merchants who are active in both distance and stationary selling as they only require one partner for all cashless payment systems and for the whole process from card acceptance to payment processing.”
Daniel Marovitz, head of product management, global transaction banking, Deutsche Bank, said: “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. we are looking to utilize 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.”
