Deutsche Card Services and Media-Saturn have signed a framework agreement on the processing of e-commerce payments.

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.

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 PI DeuCS MSH EN 20100526 (66 kB)