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) is frequently described in its news releases as a trusted payments and data company that helps businesses pay, get paid, and grow. News about Deluxe often highlights its role in processing more than $2 trillion in annual payment volume and supporting millions of small businesses, thousands of financial institutions, and hundreds of large consumer brands.
Investors and followers of DLX news can expect regular earnings-related announcements, including quarterly results and notifications of upcoming earnings calls. These items are typically accompanied by conference call details and references to earnings releases furnished as exhibits in Form 8-K filings.
Company news also covers strategic partnerships and product developments in payments and data. Examples include Deluxe’s collaboration with Visa to implement Visa Direct and launch dlxFastFunds, a funding solution integrated within the Deluxe Payments Platform that is designed to help businesses access funds in near real-time in eligible markets. Another recurring theme is the expansion of the Deluxe Payment Network (DPN) through initiatives such as the acquisition of CheckMatch, a service that digitizes the delivery of paper checks for faster electronic conveyance.
Deluxe news releases may also address customer relationships and corporate developments, such as expanded partnerships with financial institutions like Peoples Bank, governance updates including the election of independent directors, and recognition of leadership achievements. For investors tracking DLX, this news feed offers a centralized view of financial disclosures, payments and data initiatives, acquisitions, and governance updates related to Deluxe’s evolution as a payments and data company.
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First American by Deluxe has announced the expansion of its digital wallet-as-a-service offering, aimed at simplifying payment integrations for merchants and partners. This new service enhances support for leading digital wallets like Apple Pay and Google Pay, catering to ISOs, ISVs, and merchants. The demand for digital payment solutions has surged, and the upgraded platform enables quicker integration of new capabilities for merchants.
The rollout is set to begin with the non-profit sector, aiming for full commercialization by June 2023. Deluxe emphasizes a digital-first approach to empower customers and introduces innovative features like Apple’s BNPL offering and PayPal Version 2.
Deluxe serves nearly 155,000 merchants across the Americas and Europe, processing about $3 trillion in annual payment volume, positioning itself as a leader in integrated payment solutions.
Deluxe (NYSE: DLX) will announce its first quarter 2023 financial results on Thursday, May 4, 2023, before market opening. An open-access conference call will be held at 8:30 a.m. ET for interested parties to discuss the results. The call can be accessed by dialing 1-888-210-4748 with access code 7092711. Additionally, a webcast will be available on the investor relations website at www.investors.deluxe.com. For those who miss the live call, a replay will be accessible after 11:30 a.m. ET on the same day until midnight on May 11, 2023, by calling 1-800-770-2030 and using the same access code. Deluxe provides payment solutions for businesses and has processed approximately $3 trillion in annual payment volume.
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Deluxe (NYSE: DLX) reported a 10.7% increase in full-year revenue, reaching $2,238 million, with a 4.3% rise in net income to $65.5 million. Adjusted EBITDA margin stood at 18.7%. The fourth quarter saw a 1.2% decline in revenue to $564 million, while net income climbed 37.7% to $19 million. The company announced the divestiture of its web hosting businesses and renamed its Cloud Solutions segment to Data Solutions. Looking ahead, Deluxe projects 2023 revenue between $2.145 and $2.210 billion, with adjusted EPS anticipated to decline.
Deluxe (NYSE:DLX) announced the sale of its web hosting and logo design businesses to HostPapa, a global web hosting provider for small and medium businesses. The transaction is set to close in Q1, contingent on customary conditions. Deluxe aims to focus on its core payments and data business, while HostPapa will enhance its offerings with Deluxe's web solutions. This move marks Deluxe's complete exit from the web hosting market, having previously sold its Australian operations. The terms of the sale are undisclosed.