Welcome to our dedicated page for Deluxe news (Ticker: DLX), a resource for investors and traders seeking the latest updates and insights on Deluxe stock.
Deluxe Corporation (NYSE: DLX) reports developments as a payments and data company serving small businesses, financial institutions and large consumer brands. Its business spans Merchant Services, B2B Payments, Data Solutions and Print, including electronic card authorization and processing, treasury management, integrated accounts payable disbursements, data and analytics services, financial institution reporting, business incorporation services, checks, business essentials and branded print solutions.
Company news commonly covers quarterly results, merchant-services and payment-platform partnerships, product and technology modernization, and board governance. Updates also describe how Deluxe extends payment capabilities through financial institution and software relationships, while recurring financial releases discuss operating results, cash flow, debt and segment performance.
Deluxe (NYSE: DLX) introduced HR Solutions on the Deluxe People Platform, a digital HR tool aimed at small- and medium-sized businesses (SMBs). This platform integrates payroll with services such as hiring, onboarding, and time tracking, addressing operational gaps exacerbated by the COVID-19 pandemic. Michael Reed, President of Payments at Deluxe, emphasized the urgent demand for streamlined HR processes. The solution is accessible via various devices and includes features like application tracking and compliance. Currently available in the U.S. and Canada, it aims to enhance user experience through a modern app-based interface.
First American Payment Systems, a subsidiary of Deluxe, has been awarded the ATSI Call Center Award of Distinction for the ninth consecutive year, recognizing its excellence in customer service. The award highlights First American's impressive metrics, including answering 80% of calls within 30 seconds and providing 24/7 support. The company serves over 159,000 merchants in the Americas and Europe, offering integrated payment solutions. This achievement underscores First American's commitment to customer experience and operational excellence in the payment processing sector.
Deluxe (NYSE: DLX) has announced that Salesforce will return for season six of the acclaimed reality show, Small Business Revolution. This collaboration, which began in 2019, aims to support Black-owned businesses in Minneapolis and St. Paul. The season features Salesforce Trailblazers providing real-world advice and expertise to the small businesses featured in the show. Filming began in mid-April and includes co-host Baron Davis, highlighting the importance of technology in enhancing customer relationships.
Deluxe (NYSE: DLX), a leader in payments and business technology, announced that CEO Barry McCarthy will present at Sidoti’s Virtual Investor Conference on June 23 at 11:30 am ET. This conference offers a platform for investors to gain insights into the company's operations and growth strategies. Following the presentation, attendees can access a replay through Deluxe's investor relations webpage. With over 100 years in the industry, Deluxe supports millions of small businesses, processing more than $2.8 trillion in annual payment volume.
Deluxe (NYSE: DLX), a leader in Trusted Payments and Business Technology, announced that Barry McCarthy, President and CEO, will present at Baird’s 2021 Global Consumer, Technology & Services Conference on June 9 at 2:00 pm ET. Attendees can access a replay of the conference through webcasts available shortly after the event.
Deluxe has been supporting businesses for over a century, processing more than $2.8 trillion in annual payment volume and serving millions of small businesses and financial institutions.
Deluxe (NYSE: DLX) announces Scott Bomar as the new Senior Vice President and Chief Financial Officer, effective June 14. Bomar brings extensive finance experience from Home Depot, where he managed significant business units and financial strategies. His expertise in payments and operational leadership aligns with Deluxe's focus on enhancing its payments and business technology capabilities. The company began searching for a new CFO in March following Keith Bush's planned departure, with Bomar expected to strengthen Deluxe's financial strategies.
Deluxe (NYSE: DLX) has successfully completed its acquisition of First American Payment Systems for $960 million in cash, a deal initially announced on April 22, 2021. This strategic move positions Deluxe as a leading player in the growing merchant services market, doubling the revenue of its Deluxe Payments segment to $600 million annually. Following the acquisition, Payments will represent 29% of Deluxe's total revenue, up from 17%. The company aims to leverage this acquisition to cross-sell services across various sectors, enhancing customer value and expanding its market reach.
Deluxe (NYSE: DLX) has announced the pricing of $500 million in senior unsecured notes due 2029, offering an 8.000% interest rate. Proceeds from the offering will be used to finance the acquisition of FAPS Holdings, Inc., repay existing credit commitments, and cover related expenses. The closing of the notes offering is independent of the FAPS Acquisition. The press release includes cautionary forward-looking statements regarding potential risks impacting the company's future operations, including economic conditions and competition.
Deluxe (NYSE: DLX) announced that U.S. Bank will provide financial expertise for season six of its reality show, Small Business Revolution. This collaboration builds on their long-term relationship, enhancing support for small businesses in the Twin Cities. U.S. Bank Vice President Nadine Seivert will offer financial advice, leveraging her extensive experience. Filming began in mid-April, joined by co-host Baron Davis. This initiative emphasizes the role of small businesses in economic strength and aims to create impactful opportunities.
Deluxe (NYSE: DLX) plans to offer $500 million in senior unsecured notes due 2029 via a private placement targeting qualified institutional buyers. The net proceeds will be used to repay outstanding revolving credit commitments, finance the acquisition of FAPS Holdings, Inc., and cover associated fees. The closing of the notes offering is independent of the FAPS acquisition. No registration of the notes will be conducted under the Securities Act, making them unregistered securities. Forward-looking statements are made regarding potential risks impacting future operations.