The partnership includes two new payment services, which are set to for a launch later this year. Credit: Can Pac Swire.

Deutsche Bank has signed a global partnership with payment technology provider Silverflow to enhance its payments strategy.

The partnership includes two new payment services, which are set for a launch later this year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Deutsche Bank will enable payment service providers across Europe and the US to accept debit and credit card payments via Silverflow’s cloud-based card acquiring service.

Deutsche Bank’s Corporate Bank head of merchant solutions Kilian Thalhammer said that Silverflow’s cloud-native payment technology will enable the bank to offer high-end, best-in-class services that set new standards for bank-supported acquiring services and digital payments.

As part of the tie-up, Silverflow will offer new solutions for Deutsche Bank corporate banking customers.

Silverflow’s solution will provide access to its machine-learning-based merchant chargeback API to manage disputed payments from card issuers representing a cardholder.

Claimed to be an industry-first approach, this initiative will automate a largely manual mail and fax-based process to help merchants make substantial cost savings.

This service will be initially rolled out in Germany.

Commenting on the tie-up, Silverflow co-founder and CEO Anne Vries said: “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.”

In February this year, Netherlands-based paytech company PayU partnered with Silverflowv to offer card acquiring services to payment service providers, globally.

Last October, Silverflow raised $3.07m in a seed funding round to fund the launch of its card payments processing technology.