Europe Paytech Trending

New German Payments Company Vert Launched by Deutshe Bank and Fiserv

Deutsche Bank and Fiserv, a payments and financial services technology provider, have launched Vert, a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).

Vert is the only German provider 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 pay-outs, 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, Germany’s largest bank, with Fiserv, the world’s largest 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 shared services at Vert.

Initially, Vert offers three solutions, suitable for a wide range of businesses, from mobile food trucks and brick-and-mortar restaurants to retailers and medical offices.

“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.”

Author

  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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