Deutsche Bank and Fiserv have launched Vert, a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).

Vert combines 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 pay-outs, providing merchants with faster access to their funds.

Merchants are seeking user-friendly, integrated solutions that enable them to accept payments and move and manage money. Vert clients benefit from an offering that includes faster payments, modern technology, acceptance of common payment types and an online dashboard providing transaction data and other business reports.

“By combining the strength of Deutsche Bank, Germany’s largest bank, with Fiserv, the world’s largest merchant acquirer, we can provide our Vert members with a secure, fast and technologically advanced payment acceptance solution,” said Thorsten Woelfel, Managing Director Sales & Product at Vert.

“Our mission is to help our members grow and get the best out of their business,” added Gert Vido, Managing Director Shared Services at Vert.

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. Vert plans to continuously expand its product range, with solutions for online payment acceptance and for currency conversion coming soon.

Features of Vert include:

• Payment on the next banking day, meaning faster access to money
• Future-facing Android operating system solutions
• Acceptance of the most common payment methods, meaning merchants can sell more
• A single merchant portal with a complete overview of all transactions, invoices and reports
• Exceptional customer service and telephone advice for business guidance
• Secure payments and data via partnership with Deutsche Bank

Vert’s services are also available to non-Deutsche Bank customers and the bank expects to attract new business clients in other areas as payment behavior is likely to continue to develop towards cashless payments in the future.