Fiserv and Deutsche Bank to form a joint venture.

Fiserv, a global provider of payments and financial services technology, and Deutsche Bank, Germany’s largest bank, agreed to form a joint venture to create a comprehensive provider of payment acceptance and banking solutions. Financial terms were not disclosed. "By combining Fiserv payment solutions with our banking products, we will be able to deliver accounts, payment solutions and banking services to our SMEs. Today, no other provider of such services in Germany can offer this in depth combination of acceptance solutions with banking services being a true “one-stop-shop” for our clients. This will translate into a better client experience, lower costs and reduced complexity for clients," Stefan Hoops, Deutsche Bank Head of Corporate Bank.