Deutsche Postbank, Germany’s largest
commercial retail institution, has signed a deal with petroleum
multinational Shell which will see cash withdrawal and
point-of-sale functions united at up to 1,300 Shell service
stations across Germany by mid-2010.
The service, which is initially being offered
at service stations in Hamburg, enables Postbank customers to
withdraw cash while paying fuel bills using Wincor Nixdorf’s
Intelligent Cash Management systems. Postbank envisages making the
service available to customers of other banks later in 2009.
“With this service, Postbank and its
co-operation partners Shell and Wincor Nixdorf are acting as
pioneers in Germany as it is unique. We feel this step has set us
up optimally for the future because the way cash is obtained in
Germany is going to change fundamentally in the years ahead,” said
Michael Meyer, retail director and member of the managing board at
Postbank.
