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Deutsche Bank and Fiserv launch Vert D eutsche Bank and Fiserv , a global leader in payments and financial services technology , have launched Vert , a comprehensive payment acceptance and banking services provider to small and mediumsized enterprises ( SMEs ).
Vert is one of the only German providers to combine payment acceptance and processing and traditional banking solutions , meeting market demand for an integrated offering and streamlining access to innovative products for merchants of all sizes . Vert also provides next-banking-day payouts , providing merchants with faster access to their funds .
Merchants are seeking user-friendly , integrated solutions that enable them to accept payments and move and manage money . Vert clients benefit from an offering that includes faster payments , modern technology , acceptance of common payment types and an online dashboard providing transaction data and other business reports .
“ By combining the strength of Deutsche Bank , one of Germany ’ s largest banks , with Fiserv , a large merchant acquirer , we can provide our Vert members with a secure , fast and technologically advanced payment acceptance solution ," said Thorsten Woelfel , Managing Director Sales & Product at Vert .
“ Our mission is to help our members grow and get the best out of their business ," added Gert Vido , Managing Director of Shared Services at Vert .
Initially , Vert offers three solutions , suitable for a wide range of businesses , from mobile food trucks and brickand-mortar restaurants to retailers and medical offices .
• Clover Flex is a mobile-optimised , full-featured and portable payment device that makes it possible for merchants to accept a broad range of payments and better manage their business . Clover Flex offers a tip function and apps that facilitate business management .
• The Go by Vert app allows a merchant to use their Android smartphone or tablet as a contactless payment terminal . Merchants can receive contactless payments in seconds – anywhere , anytime . Vert also offers secure PIN entry , the sole such solution in the German market , meaning merchants can accept payments above contactlessonly limits .
• The PAX A50 is a portable and robust card reader that enables merchants to accept card payments at the counter and the table without having to carry around a heavy device .
“ Vert brings together the expertise of two market leaders in cash management and payment acceptance technology . In co-operation with Vert , we can provide accounts , payment solutions and banking services to our SME customers ,” said Kilian Thalhammer , Head of Merchant Solutions at Deutsche Bank .
" With a unique combination of payment and banking capabilities , Vert is already helping small and mid-sized enterprises in Germany do business more easily , with less complexity ," said John Gibbons , Head of EMEA at Fiserv . “ We look forward to helping thousands of merchants streamline their operations and continue to delight their customers .” �
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