6/21, 11:01 AM (Source: TeleTrader)
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Deutsche Bank, Fiserv to form payment acceptance JV

Deutsche Bank AG and financial technology provider Fiserv announced on Monday they agreed to form a joint venture (JV) in Germany which will be a "comprehensive provider of payment acceptance and banking solutions."

According to the companies, the JV will serve small and medium-sized enterprises (SMEs) in Germany by combining Fiserv's Colver payment acceptance system with Deutsche Bank's integrated banking services.

The JV, which is awaiting regulatory approval, will be based in Frankfurt.

Breaking the News / NP