- Germany’s Deutsche Bank AG DB and Fiserv Inc FISV inked a joint venture to form a complete payment acceptance and banking solutions provider in Frankfurt am Main.
- The collaboration will equip SME clients to sell their products and services across a full range of digital and in-person channels using modern payment acceptance solutions.
- They aim to bring multiple payment solutions together to save merchants from forging numerous contracts with various payment providers.
- The partnership will also offer services to non-Deutsche Bank clients and is estimated to employ a low triple-digit workforce.
- Price action: FISV shares traded higher by 1.54% at $109.22 on the last check Monday.
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