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 announced that Lenovo will serve as technology consultants for season six of its reality show, Small Business Revolution, filmed in Minneapolis/St. Paul. Lenovo aims to provide technological solutions to enhance the efficiency of the featured small businesses. Deluxe's Chief Brand and Content Officer, Amanda Brinkman, expressed enthusiasm about Lenovo’s expertise contributing to the growth of these businesses. The season began filming in mid-April and includes support from Lenovo’s digital technology experts.
Deluxe (NYSE: DLX) has announced a $960 million cash acquisition of First American Payment Systems, aimed at enhancing its capabilities in the payments technology sector. This strategic move is part of Deluxe's One Deluxe transformation strategy, which seeks to establish the company as a leader in the payments industry. The acquisition is expected to significantly increase Deluxe's Payments segment revenue and leverage First American's advanced technology, creating cross-sell opportunities across various markets, including government and retail.
Deluxe (NYSE: DLX) is set to announce its first quarter 2021 financial results on May 6, 2021, before market opening. A conference call will take place at 8:30 a.m. ET, accessible by dialing 1-866-393-4306 (access code 8787131). For those unable to join live, a replay will be available post-call until midnight on May 13, 2021. Deluxe, a Trusted Business Technology™ company, has been a key partner for businesses for over 100 years, processing over $2.8 trillion in annual payment volume.
Deluxe (NYSE: DLX) is expanding its remittance processing team in the greater Chicago area, with immediate openings in its Payments segment. Since 2019, the payment processing business has shown growth, even amid the pandemic. Deluxe is launching new products this year and seeks dedicated candidates for full-time roles, offering competitive benefits, including medical coverage, stock options, and tuition reimbursement. The company emphasizes employee safety and satisfaction, asserting that its workforce is its greatest asset.
Deluxe (NYSE: DLX) announces immediate openings in its remittance processing business in Newark, Delaware, as part of its growing Payments segment. Despite challenges posed by the pandemic, Deluxe has seen continued growth since late 2019, with new products launching this year. The company emphasizes its commitment to employee well-being, offering competitive benefits from day one, including medical plans, paid vacation, and tuition reimbursement. Full-time positions are available, promising long-term opportunities for the right candidates.
Deluxe (NYSE: DLX) announced Season 6 of its television series, the Small Business Revolution, focusing on Black-owned businesses in Minneapolis/St. Paul. The initiative aims to revitalize local communities through various business support measures. Co-hosted by retired NBA star Baron Davis, the series highlights the importance of small businesses. Deluxe has over a century of experience supporting businesses and plans for community engagement in the selection process for featured businesses. Filming for the new season starts in late April.
Deluxe (NYSE: DLX) announced that Barry McCarthy, President and CEO, will present at two virtual investor conferences. The first will be on March 2 at the J.P. Morgan 2021 Global High Yield and Leveraged Finance Conference at 4:15 pm ET. The second is on March 24 at the Sidoti Spring 2021 Virtual Conference at 11:30 am ET. Webcast replays will be available after each event on www.deluxe.com/investor. Deluxe supports businesses with payment solutions and services, processing over $2.8 trillion in annual transaction volume.
Deluxe has partnered with the National Urban League to enhance diversity and inclusion efforts, aligning with a commitment to community development. The Deluxe Corporation Foundation donated $500,000 and aims to create volunteer opportunities for its more than 6,000 employee-owners. CEO Barry McCarthy emphasized the need for racial equality following events in Minneapolis in 2020, while the National Urban League supports underserved communities' empowerment. Deluxe's long-term focus on social justice appears strong, reinforcing its business model of community engagement.
Deluxe (NYSE: DLX) reported Q4 2020 results, revealing a 10.8% revenue decline year-over-year, totaling $1,790.8 million for the year. Despite challenges from COVID-19, the company achieved a net income of $8.8 million compared to a loss of $199.9 million in 2019. The new Payments segment saw a 12% revenue growth, and the company reduced net debt to $716.9 million. A quarterly dividend of $0.30 per share was approved, to be paid on March 1, 2021, to shareholders of record as of February 16, 2021.
Deluxe (NYSE: DLX) has secured a long-term agreement with Truist Financial Corporation (NYSE: TFC), enhancing its partnership post the 2019 merger of BB&T and SunTrust. This deal expands Deluxe’s offerings, giving Truist clients access to its advanced check products and program management system, projected to save millions annually. The agreement underscores Deluxe's commitment to providing innovative solutions across all business segments, reinforcing its position in the financial technology sector.
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