Deutsche bank and Fiserv launch vert, Germany’s newest payments company

In collaboration with Fiserv, Deutsche Bank launched Vert, which provides small and midsized businesses with comprehensive payment acceptance and banking services.

Vert blends traditional banking solutions with payment acceptance and processing, satisfying the market need for an integrated offering and facilitating access to cutting-edge goods for businesses of all sizes. Vert offers next-banking-day payouts, giving companies speedier access to their money.

The ability to accept payments, move money, and handle money is what retailers are looking for in user-friendly, integrated systems. Vert offers its customers speedier payments, cutting-edge technology, acceptance of standard payment methods, and an online dashboard containing transaction information 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,” stated Thorsten Woelfel, Managing Director Sales & Product at Vert.

“Our mission is to help our members grow and get the best out of their business,” stated Gert Vido, Managing Director of Shared Services at Vert.

Vert initially provides three options that are appropriate for a variety of enterprises, including brick-and-mortar restaurants, mobile food vendors, retail establishments, and healthcare facilities. Vert intends to continuously broaden its product offering, and will soon include services for accepting online payments and converting currencies.

Features of Vert include:

-Payment on the next banking day, meaning faster access to money
-Future-facing Android operating system solutions
-Acceptance of the most common payment methods, meaning merchants can sell more
-A single merchant portal with a complete overview of all transactions, invoices, and reports
-Exceptional customer service and telephone advice for business guidance
-Secure payments and data via a partnership with Deutsche Bank

Customers of other banks can also use Vert’s services, and the bank anticipates bringing in new business clients from various industries as payment behavior is likely to continue shifting in favor of cashless transactions.

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