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Top German Bank Opens Online Shop

Germany's Deutsche Bank has opened an online shop for users to make payments by credit card (128 bit-key, SSL-encryption), on account or using e-cash, Deutsche Bank's Internet payment system for small amounts.

This makes Deutsche Bank the first financial services provider with an online shop including integrated Internet payment. It emphasizes the bank's leading position in the field of e-commerce.

Deutsche Bank's online shop is offering a wide range of in-house information brochures, videos and CD-ROMs that can be ordered online. Some of the software is available for immediate download. There are also more that 200 prints and 80 merchandise offers.

The spectrum ranges from A for an "Alphabet for foreign trade" to Z for "Contemporary [Zeitgenoessische in German] Art at the Deutsche Bank," which can be ordered from various catalogues.

There is also an offer for collectors that would otherwise only be directly available from the museum shop at the Deutsche Guggenheim in Berlin. A bespoke gentleman's suit tailored in paper by James Rosenquist is one example. The collectors' items will change on a regular basis.

"We can handle all types of e-commerce. The shop allows us to present the wide-ranging information and consultancy options available at Deutsche Bank more rapidly and easily to those interested," said Frank Moerler, Internet team leader for the Business and Real Estate Business Unit at the bank.

Expertise deriving from the online shop is also made available by the bank to its business customers. It provides them with advice about the online shop concept and how to run their own and also offers them integrated online payment systems.

"The added value of the Deutsche Bank Online-shop, compared with other offerings, is that we can offer Internet competence and the additional banking competence of a reliable banker with safe long-term solutions," said Christian Rhino, technical projects manager.