Deutsche Bank pilots game-changing payments solution with IATA

Deutsche Bank press release ------ Deutsche Bank has today announced a pilot project with the International Air Transport Association (IATA), the trade association for the world’s airlines, to test a disruptive new payment model. Through the pilot, Deutsche Bank will look to reduce costs for processing payments between airline clients and airlines. Deutsche Bank will collect customer payments directly from consumer accounts in line with the newly revised EU Payments Services Directive, PSD2. Currently, payments are mainly processed via credit and debit transactions. To learn more click on the picture below to read the release.