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) has launched dlxPAY, a new mobile payment app designed to enhance merchant payment processing. The app offers real-time transaction management, advanced security features, and customizable notifications. It integrates with Ingenico's Moby 5500 device, enabling mobile payment solutions including contactless and EMV-chip card acceptance.
A key feature is the new Deluxe Software Development Kit, allowing Independent Software Vendors (ISVs) to integrate Deluxe payment solutions and the Moby 5500 into iOS and Android applications. The app is now available on both the Apple App Store and Google Play Store, providing merchants with a secure and efficient payment processing solution for both in-store and mobile transactions.
Deluxe (NYSE:DLX) has announced the integration of its Deluxe Payment Exchange eCheck solution with AccuTitle, a major Title Production Software provider in the US. This integration represents the first of several planned partnerships with TPS providers, aiming to support approximately 75% of residential real estate closings nationwide by early 2025.
The integration enables AccuTitle's TitleFusion and Accuair customers to process escrow payments directly through Deluxe Payment Exchange, offering an alternative to traditional wire transfers and paper checks. The solution allows for instant payment processing, reduces operational costs, and provides payees with multiple payment options, including the ability to pay real estate agent commissions within minutes of closing.
This strategic move modernizes payment workflows, reduces escheatment, and enhances security while streamlining the entire transaction process within the TPS software environment.
Deluxe (NYSE: DLX) CEO Barry McCarthy will deliver a keynote address at the 2024 Dale Carnegie International Convention, focusing on the company's transformation from a check printer to a modern payments and data solutions leader. Under McCarthy's leadership, Deluxe has evolved into a digital-first company processing over $2 trillion in annual payments volume.
The transformation has resulted in sustained revenue growth, enhanced free cash flow, and disciplined debt reduction. The company has developed digital receivables and payables platforms, merchant services, and data-driven marketing solutions powered by an industry-leading data lake, creating an integrated ecosystem for its customers.
Deluxe (NYSE: DLX), a Trusted Payments and Data company, announced the completion of a $450 million senior secured notes offering due 2029, with an interest rate of 8.125% per annum. The Notes were sold to qualified institutional buyers and certain non-U.S. persons under specific regulations. Additionally, Deluxe closed an amendment and restatement of its existing credit agreement, introducing new senior secured credit facilities that include a $400 million revolving credit facility and a $500 million term A loan facility, both maturing on February 1, 2029. The proceeds from the Notes and new credit facilities were used to refinance existing loans and cover transaction fees and expenses. The Notes and related guarantees are not registered under U.S. securities laws and cannot be sold in the U.S. without proper registration or exemptions.
Deluxe (NYSE: DLX) has announced the pricing of $450 million senior secured notes due 2029, upsized from the initial $400 million. The notes will pay interest semi-annually at 8.125% per annum. The company plans to use the proceeds, along with new senior secured credit facilities, to refinance existing term A loan and revolving credit facilities. The new credit facilities include a $400 million revolving credit facility and $500 million term A loan facility, extending maturity to February 1, 2029. The offering is expected to close on December 3, 2024.
Deluxe (NYSE: DLX) announces plans to offer $400 million in senior secured notes due 2029 through a private placement to qualified institutional buyers. The company will use the proceeds, along with new senior secured credit facilities, to refinance its existing term A loan and revolving credit facilities. The offering is contingent on closing an amendment to provide new facilities including a $400 million revolving credit facility and a $500 million term A loan facility.
Deluxe (NYSE: DLX) has announced an inducement grant for its newly appointed Senior Vice President, Chief Human Resources Officer, Kimberly D. Cross. The company granted her 34,468 restricted stock units valued at $800,000. The units will vest equally over two years, with installments on the first and second anniversary of the November 15, 2024 grant date.
Deluxe (NYSE: DLX), a Trusted Payments and Data company, has announced its participation in the upcoming Stephens Investment Conference in Nashville, TN. Barry McCarthy, President and CEO, and Chip Zint, SVP and CFO, will deliver a presentation on Wednesday, November 20th at 9:00 am ET. The presentation will be accessible via webcast through the company's investor relations website, with a replay available after the event.
Deluxe (NYSE: DLX), a Trusted Payments and Data company, has released its third quarter 2024 financial results. The earnings release is available on the company's Investor Relations website and will be filed with the SEC on Form 8-K. The company will host a conference call at 5:00 p.m. ET to discuss the results, with both toll-free and toll dial-in options available. A webcast with audio and slides will be accessible through the investor website, and a replay will be available until November 13, 2024.
Deluxe Foundation announced grants totaling $225,000 to nine nonprofit organizations, selected through its first-ever Employee Resource Group (ERG)-led grant selection process. Each nonprofit will receive $25,000 to support community initiatives aligned with the missions of Deluxe's nine ERGs. The selected organizations focus on various causes including education, accessibility, economic development, and healthcare support. Additionally, Deluxe offers employees up to 40 hours of paid Volunteer Time Off annually to support nonprofits of their choice.