Today, 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). 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 payouts, providing merchants with faster access to their funds.

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.

• Clover Flex is a mobile-optimised, full-featured and portable payment device that makes it possible for merchants to accept a broad range of payments and better manage their business. Clover Flex offers a tip function and apps that facilitate business management.
• The Go by Vert app allows a merchant to use their own Android smartphone or tablet as a contactless payment terminal. Merchants can receive contactless payments in seconds – anywhere, anytime. Vert also offers secure PIN entry, the sole such solution in the German market, meaning merchants can accept payments above contactless-only limits.
• The PAX A50 is a portable and robust card reader that enables merchants to accept card payments at the counter and at the table without having to carry around a heavy device.

“Vert brings together the expertise of two market leaders in cash management and payment acceptance technology. In cooperation 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.”