Deluxe CEO Barry C. McCarthy to be Inducted into Georgia Fintech Hall of Fame

Rhea-AI Summary

Barry C. McCarthy, President and CEO of Deluxe, will be the 2024 inductee into the Technology Association of Georgia (TAG) Fintech Hall of Fame. McCarthy, who joined Deluxe in 2018, has transformed the company from a legacy check printer to a leader in digital payments and data solutions. Under his leadership, Deluxe processes nearly $3 trillion in payment volume annually and has achieved four consecutive years of organic revenue growth. McCarthy also orchestrated the largest acquisition in Deluxe's history with the 2021 purchase of First American Payments System.

McCarthy's contributions to the fintech industry are notable, including prior roles at First Data, Verisign, and Wells Fargo. He has been integral in innovations such as the launch of ApplePay and the creation of cloud-based ATMs. The induction will take place during Fintech South on August 27-28, 2024.

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• Barry C. McCarthy's induction into the TAG Fintech Hall of Fame highlights his transformative leadership.
• Deluxe has achieved four consecutive years of organic revenue growth under McCarthy.
• The acquisition of First American Payments System was the largest in Deluxe's history.
• Deluxe processes nearly $3 trillion in payment volume annually.

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• None.

Recognized for Transformative Leadership and Innovation, McCarthy’s Induction Highlights Evolution of Deluxe into a Digital Payments and Data Solutions Leader

MINNEAPOLIS--(BUSINESS WIRE)-- Deluxe (NYSE: DLX), a modern Payments and Data company, announced today that President and Chief Executive Officer Barry C. McCarthy will be the 2024 inductee to the Technology Association of Georgia (TAG) Fintech Hall of Fame. Since joining Deluxe in late 2018, McCarthy has helped transform the organization from a legacy check printer to a leader in digital payments and data solutions. Currently, Deluxe processes nearly $3 trillion in payment volume annually while supporting millions of small businesses, thousands of vital financial institutions, and hundreds of the world's leading consumer brands.

“The Georgia Fintech Hall of Fame is a who’s who of industry giants, and I am grateful to TAG and our fintech community for this recognition,” said McCarthy.“ I am incredibly proud of our industry and specifically what we’re building at Deluxe. I look forward to the bright fintech future, continuing to do this important work together. I am truly honored and humbled.”

Under McCarthy’s guidance, Deluxe is now in its fourth consecutive year of organic revenue growth, a feat the company had not accomplished for several decades, with profits growing faster than revenue. He masterminded the largest acquisition in company history with the 2021 acquisition of First American Payments System, now Deluxe Merchant Services. While continuing to deliver the industry’s leading check product, the B2B payments, merchant services, and data analytics solutions Deluxe offers now generate more revenue than these legacy print businesses for the 109-year old company.

Previously, McCarthy served on the leadership team of First Data (now Fiserv) for 14 years, where he led the collaboration with Apple that supported the launch of ApplePay. At Verisign, he built the business leading to its acquisition by PayPal. He also co-founded, built, and sold a Silicon Valley micro-payments company, MagnaCash. Finally, while at Wells Fargo, he created the first cloud-based ATMs and modern UI and UX that are still in use today. His fingerprints are all over the modern fintech industry landscape.

“On behalf of TAG and our 30,000 members, I want to congratulate Barry for being honored as this year’s Fintech Hall of Fame Award honoree,” said Larry K. Williams, President and CEO of TAG. “Barry is a remarkable business leader and a transformative powerhouse who has made significant contributions to revolutionizing the fintech and payments industries. His innovative spirit exemplifies the thriving fintech community, inspiring future leaders across multiple technology categories.”

McCarthy is an influential leader in the fintech community whose contributions include serving as the chair of TAG and a foundational member of the Fintech Society. He was also the founding Chair of Fintech Atlanta, a foundational member and champion of the Georgia Fintech Academy, and currently serves as Board Chair for the American Transaction Processors Coalition – representing Deluxe and advocating for America’s payment processing sector. He also serves as a trustee or director for several local and national non-profits.

The TAG Fintech Society serves the technology community, helping to support, grow and ignite tech leaders, companies and the overall Georgia economy. McCarthy will be inducted into the hall of fame August 27-28 during Fintech South, the southeast’s largest event dedicated to financial innovation.

About Deluxe

Deluxe, a modern Payments and Data Company, champions business so communities thrive. As the original payments company and with roots tracing back more than 100 years, we've evolved into a leader in digital payments and data solutions, facilitating seamless connections to propel businesses forward. Leveraging our powerful scale, we support millions of small businesses, thousands of vital financial institutions, and hundreds of the world's leading consumer brands, processing nearly $3 trillion in payment volume annually. Explore how Deluxe can elevate your business at www.deluxe.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240701354606/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 being inducted into the TAG Fintech Hall of Fame in 2024?

Barry C. McCarthy, President and CEO of Deluxe, will be the 2024 inductee into the TAG Fintech Hall of Fame.

What significant transformation did Barry C. McCarthy achieve at Deluxe?

Barry C. McCarthy transformed Deluxe from a legacy check printer to a leader in digital payments and data solutions.

How much payment volume does Deluxe process annually?

Deluxe processes nearly $3 trillion in payment volume annually.

When will Barry C. McCarthy be inducted into the TAG Fintech Hall of Fame?

Barry C. McCarthy will be inducted into the TAG Fintech Hall of Fame during Fintech South on August 27-28, 2024.

What was the largest acquisition in Deluxe's history?

The largest acquisition in Deluxe's history was the 2021 purchase of First American Payments System.

What prior roles has Barry C. McCarthy held in the fintech industry?

Barry C. McCarthy held prior roles at First Data, Verisign, and Wells Fargo, contributing to innovations like the launch of ApplePay and cloud-based ATMs.