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) 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.
Deluxe (NYSE: DLX) will release its fourth quarter and full year 2020 financial results on February 4, 2021, post-market close. A conference call hosted by management is scheduled for 4:45 p.m. ET, allowing public access via phone at 1-615-247-0252 (access code 3364057). A simultaneous webcast will be available at www.deluxe.com/investor. For those unable to attend live, a replay will be accessible after 8 p.m. ET until February 12, 2021, by calling 1-404-537-3406 (access code 3364057).
Deluxe (NYSE: DLX) announced that Barry McCarthy, President and CEO, will present at the 23rd Annual Needham Virtual Growth Conference on January 13 at 1:15 pm ET. Interested parties can access a live webcast from the investor relations section of the company’s website. A replay will also be available post-event. Deluxe, a Trusted Business Technology™ company, supports approximately 4.5 million small businesses and processes over $2.8 trillion in annual payment volume, offering solutions that help businesses pay and get paid efficiently.
Augeo has acquired Deluxe Rewards, previously part of Deluxe (NYSE: DLX), effective December 31, 2020. This acquisition enhances Augeo's loyalty and engagement solutions by integrating a patented, dual-currency technology and a variety of premium rewards. The move is seen as a strategic growth initiative for Augeo, allowing them to offer value-rich loyalty programs without the excessive liabilities typically associated with such services. Augeo aims to leverage this acquisition to enhance user engagement and streamline client experiences.
Deluxe (NYSE: DLX) reported a 10% increase in demand for its small business incorporation services in 2020 compared to 2019. This growth is attributed to a rise in entrepreneurs in sectors like construction, trucking, and online sales during the COVID-19 pandemic. The company supports around 4.5 million small businesses and believes this trend indicates optimism in the small business market. A recent Deluxe/Harris Poll revealed that 86% of Americans are concerned about the pandemic's effects on small businesses, highlighting the ongoing community support for entrepreneurs.
Deluxe (NYSE: DLX) has launched Season 5 of its popular series, Small Business Revolution, featuring small businesses from Fredonia, New York. The series, available now on Hulu and Amazon Prime Video, highlights the challenges faced by these businesses amid the COVID-19 pandemic. Deluxe's team provided crucial support, helping businesses establish their online presence. The season showcases seven businesses, including a floral shop and a gluten-free bakery, each receiving significant marketing and financial assistance. Deluxe's commitment to small business revitalization continues with a $500,000 investment.
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