Deutsche Card Services to process payments for Media-Saturn in e-commerce

Cologne, 26 May 2010 – Deutsche Card Services and Media-Saturn have signed a framework agreement on the processing of e-commerce payments. The Deutsche Bank subsidiary announced that the agreement will cover Visa and MasterCard card payments. In addition, the new online payment methods giropay (Germany), eps (Austria) and iDEAL (Netherlands) will be available; all of these are based on the secure PIN/TAN online banking procedure. A number of consumer and card-based fraud protection measures will be used to secure payments.

Detlef Henkel, Chairman of the Management Board of Deutsche Card Services says: “The cooperation with Media-Saturn gives us a perfect opportunity to demonstrate our expertise and the advantages of our unique range of services, which is ideal for pan- European solutions. We were able to showcase our knowledge of the European e- commerce business and our strength as an advisor. Media-Saturn was particularly appreciative of our advisory role.”

As an acquirer and payment service provider, Deutsche Card Services will support the Media-Saturn web shops with a wide range of services, extensive know-how and client- oriented solutions. For example, special graphical payment interfaces will be used which will permit customers to enter the payment data directly into the Deutsche Card Services system. This ensures the highest possible data security and exempts Media- Saturn from having to obtain a PCI DSS certification (Payment Card Industry Data Security Standard). In case of returns, which may occur in long-distance selling and which cannot be handled by the giropay, eps or iDEAL systems, Deutsche Card Services also provides a smooth processing solution.

Media-Saturn pursues a multi-channel strategy and has expanded its stationary business by multi-channel activities such as music downloads and web shops, which are to be linked tightly with the existing markets. Media-Saturn online shops with a limited, initial range of products have recently been opened in the Netherlands and in Austria.

About Deutsche Card Services GmbH:
Deutsche Card Services, a part of Deutsche Bank Group, broadens the range of cash management services offered by the Group’s Global Transaction Banking (“GTB”) department. The newly established company offers international one-stop full-service solutions for non-cash card payment transactions, including credit cards, Maestro, direct debiting and giropay. In doing so Deutsche Card Services relies on the proven experience and the well-established technical platform of Pago eTransaction Services. Proven risk minimization systems ensure that non-cash payment in e-commerce, in mail-order retailing and at the point of sale is easy, quick and secure. Unique online steering systems enable customers world-wide to monitor all of their transactions at any time.
www.deutsche-card-services.com

About the Media-Saturn Group:
With a net revenue of 19.7 billion euros and a headcount of over 60,000 in 2009, Media Markt and Saturn are Germany and Europe’s Number One consumer electronics retailers. The success enjoyed by the two retail brands, which are housed under the roof of Media-Saturn-Holding GmbH, is based on a unique selection of low-priced brand-name products, competent staff, excellent service, a distinctive advertising presence and a decentralized organizational structure. Each general manager is a shareholder in his own store and is thus responsible for the products offered, as well as for pricing, personnel and marketing. The Media Markt and Saturn brands are managed independently of one another and are competing retail brands. The Media-Saturn Group, in which METRO AG has a majority shareholding, currently has 831 stores in 16 European countries.
You will find more information about the Media-Saturn Group at www.media-saturn.com.

Deutsche Card Services GmbH
Marketing & Communications
Tobias F. Hauptvogel
Kaltenbornweg 1-3
50679 Köln

Tel.: +49 221 99577-728

www.deutsche-card-services.com
E-mail: pr.deucs@db.com

This release was published on openPR.