Angela L. Brown Elected to Deluxe Board of Directors

Rhea-AI Summary

Deluxe (NYSE: DLX), a trusted Payments and Data company, has elected Angela L. Brown to its Board of Directors. Brown, who served as President and CEO of Moneris Solutions until May 2023, brings extensive experience in merchant services and payment processing. She will serve on the Audit and Finance Committee and the Corporate Governance Committee.

Brown's background includes executive roles at MasterCard Worldwide, Fifth Third Bank, and Canadian Imperial Bank of Commerce. Her appointment is expected to provide valuable insights as Deluxe expands its merchant services business, particularly following the 2021 acquisition of First American Payments Systems.

Positive

• Addition of experienced executive Angela L. Brown to the Board of Directors
• Brown's expertise in merchant services and payment processing aligns with Deluxe's growth strategy
• Potential for valuable insights and guidance in expanding Deluxe's offerings and reach

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Deluxe (NYSE: DLX), a trusted Payments and Data company, has announced the election of Angela L. Brown to its Board of Directors. She will serve on the Audit and Finance Committee and the Corporate Governance Committee.

Ms. Brown served for ten years, until May 2023, as the President and CEO of Moneris Solutions Corporation, a Canadian merchant services company specializing in payment processing. She previously served as Group Executive, Enterprise Development, Merchants & Acceptance, for MasterCard Worldwide, and held multiple senior banking positions at both Fifth Third Bank in Cincinnati and Canadian Imperial Bank of Commerce in Toronto.

“Angela brings a wealth of experience to Deluxe, particularly in the merchant services space,” said Barry McCarthy, President and CEO of Deluxe. “Her leadership and guidance as we continue to expand our offerings and reach will prove invaluable.”

“Angela Brown’s experience and expertise is an ideal fit for our board as we continue to grow our merchant services business,” said Cheryl Mayberry McKissack, Chair of the Deluxe Board of Directors. “Her roles with both Moneris and MasterCard provide unique perspective on the merchant industry, and we are excited to welcome her to the Deluxe team.”

“With the acquisition of First American Payments Systems in 2021 – now Deluxe Merchant Services – Deluxe became a major player in the merchant space, expanding its already impressive footprint in digital payments and acceptance,” Brown said. “I am honored and humbled to join the board of this vibrant organization to help lend my experience as it continues to grow and evolve.”

Since 2016, Ms. Brown has served as a non-executive director of Altus Group, where she chairs the Human Resources and Compensation Committee. She also recently completed her term as chair of TechNation, a non-profit association of major technology firms operating in Canada, championing digital economy and evolution.

Ms. Brown holds an MBA from the Schulich School of Business and a Bachelor of Arts degree from the University of Toronto. She is a graduate of the NACD Director Professionalism Course, the Rotman School of Management's Financial Literacy Program and holds a CERT Certificate in Cybersecurity Oversight from the Software Engineering Institute/Carnegie Mellon University.

About Deluxe Corporation

Deluxe, a trusted Payments and Data company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world’s largest consumer brands, while processing more than $2 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers’ most trusted business partner. To learn how we can help your business, visit us at www.deluxe.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240815389233/en/

Brian Anderson, VP, Strategy & Investor Relations

651-447-4197

brian.anderson@deluxe.com

Keith Negrin, VP, Communications

612-669-1459

keith.negrin@deluxe.com

Source: Deluxe Corporation

FAQ

Who is Angela L. Brown and why was she elected to the Deluxe (DLX) Board of Directors?

Angela L. Brown is the former President and CEO of Moneris Solutions She was elected to the Deluxe Board of Directors due to her extensive experience in merchant services and payment processing, which aligns with Deluxe's growth strategy in these areas.

What committees will Angela L. Brown serve on at Deluxe (DLX)?

Angela L. Brown will serve on the Audit and Finance Committee and the Corporate Governance Committee at Deluxe.

How might Angela L. Brown's experience benefit Deluxe (DLX)?

Angela L. Brown's experience in merchant services and payment processing, particularly from her roles at Moneris and MasterCard, is expected to provide valuable insights and guidance as Deluxe expands its offerings and reach in the merchant services space.

What significant acquisition did Deluxe (DLX) make in 2021 related to merchant services?

In 2021, Deluxe acquired First American Payments Systems, now known as Deluxe Merchant Services, which significantly expanded the company's footprint in digital payments and acceptance.