The partnership will include two new payment services, which are expected to launch this fall
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.
We’ve reported that Deutsche Bank to develop multi-bank services through new partnership.