News

Deutsche Bank teamed up with Silverflow for card acquiring services

The partnership will include two new payment services, which are expected to launch this fall

Deutsche Bank Silverflow

Deutsche Bank teamed up with Silverflow for card acquiring services. Source: shutterstock.com

Deutsche Bank and Silverflow have announced cooperation to support the bank’s payments strategy.

According to the press release, Deutsche Bank will enable PSPs across Europe and the US in the first step to accept debit and credit card payments through Silverflow’s cloud-based card acquiring service.

Silverflow will also provide new solutions for Deutsche Bank corporate banking customers.

Initially launching in Germany, Silverflow will provide access to its machine-learning powered merchant chargeback API to manage disputed payments from card issuers on behalf of a cardholder.

This is an industry-first approach to automate a largely manual mail and fax-based process, which will help merchants make substantial cost savings.

Silverflow is building a new payments tech stack for the modern age that aims to replace the legacy systems that the industry has long viewed as an immovable force. Silverflow enables customers and partners to setup, scale and automate manual tasks such as managing chargebacks, alleviating headaches and supporting growth. Signing Deutsche Bank as our global partner is a significant achievement for Silverflow that shows the strength of our technology and team, bringing best-in-class card payments processing to banking customers
Anne Willem de Vries, Co-Founder and CEO of Silverflow

We’ve reported that Deutsche Bank to develop multi-bank services through new partnership.

SEE ALSO:

Pay Space

6891 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.