LONDON - INTERNATIONAL PAYMENTS SUMMIT, May 12 /PRNewswire/ --     Deutsche Bank's Global Transaction Banking (GTB) division, one
of the leaders in payments clearing and settlement across all major
currencies, and Logica, a leading IT and business services company, have
today announced their strategic alliance to launch an outsourced solution for
SEPA Direct Debits (SDD)(*1). Powered by Logica's All Payments Solution 
(LAPS), Deutsche Bank will combine a new SEPA Connector offering with its 
existing, market leading SEPA processing solutions to provide its financial 
institution clients with low cost 'plug and play' SEPA functionality. The 
SEPA Connector will initially be targeted at debtor banks requiring a 
solution for complying with mandatory SDD reachability requirements in 
readiness for the November 2010 deadline, but also supports SEPA Credit 
Transfers (SCT)(*2). The combined offering is available now and will be 
demonstrated at the International Payments Summit today in London.

The introduction of the SDD scheme, alongside the Payments
Services Directive (PSD)(*3), presents significant business and technology
challenges for banks. The SEPA Connector is an easily implemented
off-the-shelf product designed to address these challenges. Additionally,
this model provides a roadmap for banks to either move to a broader
partnering or outsourced service for payments processing with Deutsche Bank
and Logica, or establish their own payments infrastructure upgrade using
Logica's All Payments Solution.

In the first phase of this partnership, the SEPA Connector
will enable debtor banks to view SDD transactions, manage rejects and
returns, as well as upload files for further validation and processing.
Deutsche Bank will also provide connectivity to EBA Clearing(*4) and its
bilateral partners.

Michael Mueller, Managing Director of Wholesale Solutions,
Global Transaction Banking at Deutsche Bank, said: "Attaining SEPA
reachability and complying with SEPA Direct Debits places further strain on
legacy technology for many banks. Through our partnership with Logica, we can
provide our financial institution clients with access to SEPA clearing
services based on best of breed technology. The SEPA Connector forms an
integral part of our strategy for expanding the provision of outsourced
services, while also presenting a strong business case for banks."

Nigel Turner, Business Development Director, Payments at
Logica, commented: "The parallels between Deutsche Bank and Logica in terms
of SEPA progression make this partnership a powerful move. With regulatory
pressure mounting and the business drivers becoming more apparent, the
attraction of outsourced SEPA services will increase. The SEPA Connector
enables banks to achieve SEPA reachability without having to make immediate
major investment in infrastructure - giving them more time to plan for
payments transformation. Having achieved economies of scope and scale,
Deutsche Bank is well-positioned to deliver this service using our high
volume payments hub, which has the necessary flexibility to support outsource
models. We look forward to working together."

Deutsche Bank already uses Logica's payments hub to support
its operations in 15 countries, which further enables easy roll-out of the
SEPA Connector to the bank's financial institution clients.

Notes to editors

*1 The SEPA Direct Debit Schemes create for the first time a
payment instrument that can be used for both domestic and cross-border
collections throughout the 31 SEPA countries.

http://www.europeanpaymentscouncil.eu/content.cfm?page=sepa_direct_debit_(sdd)

*2 Launched in January 2008, the SEPA Credit Transfer Scheme
enables payment services providers to offer a core and basic credit transfer
service throughout SEPA, whether for single or bulk payments. For further
information visit:

http://www.europeanpaymentscouncil.eu/content.cfm?page=sepa_credit_transfer

*3 The Directive on Payment Services (PSD) provides the legal
foundation for the creation of an EU-wide single market for payments. For
further information visit:

http://ec.europa.eu/internal_market/payments/framework/index_en.htm

*4 EBA Clearing is the inter-bank clearing house for Euro
payments. For further information, visit:

http://www.ebaclearing.eu/

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and
profitable private clients franchise. A leader in Germany and Europe, the
bank is continuously growing in North America, Asia and key emerging markets.
With 80,277 employees in 72 countries, Deutsche Bank offers unparalleled
financial services throughout the world. The bank competes to be the leading
global provider of financial solutions for demanding clients creating
exceptional value for its shareholders and people.

http://www.db.com

About Logica's payments expertise

Logica has more than 30 years of experience in delivering
payments products to the largest financial institutions. Logica is the only
company to provide an end-to-end payments hub enabling banks to move from
duplicated, siloed payments systems to a modern hub environment. Logica's All
Payments Solution (LAPS) can process the full range of payment types (retail,
domestic, international, urgent/timed, single and mass payments) within a
single deployment. It is fully SEPA compliant and live, supporting SEPA in
over 10 countries. LAPS is the only payments hub capable of supporting SEPA
transactions beyond current domestic-level requirements. It can provide any
global bank with a single consolidated Europe-wide SEPA deployment for when
payments traffic merges in the near future from domestic to SEPA.
Furthermore, this massively scalable and high performing solution enables
banks to optimise hardware utilisation and reduce infrastructure costs. For
further information, visit http://www.logica.com/payments/400012772

About Logica

Logica is a leading IT and business services company,
employing 40,000 people. It provides business consulting, systems
integration, and IT and business process outsourcing services. Logica works
closely with its customers to release their potential - enabling change that
increases their efficiency, accelerates growth and manages risk. It applies
its deep industry knowledge, technical excellence and global delivery
expertise to help its customers build leadership positions in their markets.
Logica is listed on both the London Stock Exchange and Euronext (Amsterdam)
(LSE: LOG; Euronext: LOG). More information is available at
http://www.logica.com.