Deutsche Bank Teams with Fiserv to Launch Payments Company Vert

Deutsche 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 medium-sized enterprises (SMEs).

Fazzaco Hall of Fame 2022 to Make Debut Soon

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.

"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 plans to continuously expand its product range, with solutions for online payment acceptance and for currency conversion coming soon.

"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."