In addition to the existing service of credit card acceptance in stationary POS business, the subsidiary of Deutsche Bank, will, with immediate effect, directly offer payment terminals and the national card payment methods girocard, direct debit and GeldKarte in the German market. As a result, it now offers a complete range of services for card payment acceptance and processing in the POS business analogue to its existing distance selling services.

Detlef Henkel, CEO of Deutsche Card Services, says: "This offers substantial benefits for merchants who are active in both distance and stationary selling as they only require one partner for all cashless payment systems and for the whole process from card acceptance to payment processing."

Deutsche Card Services is striving for a comprehensive POS solution not limited to the German market. Indeed, it will introduce these additional services in main Western European markets in the near future, thereby offering a unique service range in the POS and distance selling area. Clients will no longer face the complexity of individual national solutions with a number of different systems, terminals and service levels which currently prevail in Europe.

Daniel Marovitz, Head of Product Management, Global Transaction Banking, Deutsche Bank says: "We are looking to utilize synergies stemming from our leading position in European e-commerce, the existing POS solutions of Deutsche Bank in Italy, Spain and the Netherlands as well as the Bank's extensive know-how in European cashless payments to ensure our clients benefit as quickly as possible from a pan-European solution."