Deutsche Bank has expanded its global cash management activities to include multi-currency cheque and draft issuance for its corporate as well as financial institution customers.
Under the programme, cheques and bankers drafts will be produced according to the beneficiary's country-specific formats, so that they can be processed locally to avoid high cross-border fees. The project will also include the generation of remittance advices.
Deutsche has contracted with Bottomline Technologies for printing and dispatch services.