Welcome to our dedicated page for Deluxe Corporation news (Ticker: DLX), a resource for investors and traders seeking the latest updates and insights on Deluxe Corporation stock.
Deluxe Corporation (Symbol: DLX) is a leading provider of payment solutions, data-driven marketing, and promotional products. The company operates through four key segments: Payments, Data Solutions, Promotional Solutions, and Checks.
In the Payments segment, Deluxe offers merchant in-store, online, and mobile payment solutions. This segment also includes treasury management services like remittance and lockbox processing, remote deposit capture, receivables management, and paperless treasury management. Payroll and disbursement services, including the Deluxe Payment Exchange, as well as fraud and security services, are also key offerings.
The Data Solutions segment focuses on data-driven marketing solutions and hosted services, such as digital engagement and logo design. Deluxe also provides web hosting and design services, making it a versatile partner for businesses aiming to enhance their digital presence.
In the Promotional Solutions segment, Deluxe delivers business forms, accessories, advertising specialties, and promotional apparel. This segment helps businesses enhance brand visibility through various custom promotional products.
Lastly, the Checks segment includes the production of printed business and personal checks, a long-standing service that remains a critical part of Deluxe's offerings.
Deluxe Corporation is committed to innovation and quality, continually evolving its services to meet the changing needs of businesses. The company collaborates with a network of professional designers, copywriters, coders, and photographers, ensuring high-quality service delivery. Recent achievements include expanding its digital payment solutions and integrating advanced security features to safeguard transactions. With a solid financial foundation, Deluxe continues to grow and adapt, maintaining its significant role in the payment solutions industry.
Deluxe (NYSE: DLX) has elected Hugh S. 'Beau' Cummins III to its Board of Directors, effective February 21, 2025. Cummins brings 36 years of banking industry experience, most recently serving as Vice Chair and Chief Operating Officer of Truist Financial , where he oversaw operational services, enterprise transformation, strategy, and payments.
At Truist, Cummins played a important role in the successful merger of SunTrust and BB&T, managing both organizational and operational aspects. He currently serves on the board of Atrium Health Foundation and holds degrees from Miami University and the University of Michigan.
Additionally, William C. Cobb and Martyn R. Redgrave have announced they will not seek re-election at the Company's 2025 Annual Meeting of Shareholders.
Deluxe has appointed Brian Mahony as President of its Merchant Services business, effective February 3, 2025. Mahony, former Chief Revenue Officer at Elavon (U.S. Bank subsidiary), brings over 20 years of fintech and payments experience. At Elavon, he led marketing, revenue management, and distribution teams, previously serving as Chief Financial Officer since 2019 and head of product and strategy.
Mahony will replace Debra Bradford, who announced her retirement effective March 31, 2025. Bradford has been with First American Payments System (now Deluxe Merchant Services) since 2001 and has served as president since Deluxe's acquisition in 2021.
Deluxe (NYSE: DLX), a Trusted Payments and Data company, has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025, after market close. The company will host a conference call at 5:00 p.m. ET (4:00 p.m. CT) on the same day.
Investors can access the call by dialing 1.877.400.0505 (access code 1133292). The presentation will include audio and slides available through a simultaneous webcast on the company's investor relations website. A replay of the event will be accessible until midnight on February 12, 2025, through both the webcast link and listen-by-phone options.
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.
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