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, a trusted Payments and Data Company, has appointed Kimberly D. Cross as its new Chief Human Resources Officer. Cross brings nearly 30 years of experience as a strategic HR leader, with a proven track record in leading growth and innovation through improved people, team, and culture strategies.
Cross joins Deluxe from Fiserv, where she was Senior Vice President, Head of HR for Merchant Solutions. Her responsibilities included talent and succession planning, organizational design, culture, leadership development, and people platform priorities. She previously held senior HR roles at Bank of America and the Coca-Cola Company, and started her career as a psychologist with the U.S. Navy flight program.
Barry McCarthy, President and CEO of Deluxe, expressed confidence in Cross's ability to lead the company's people strategies for the future, emphasizing that people are Deluxe's number one asset.
Quantalytix, a provider of cloud-based Enterprise Bank Management (EBM) software and Enterprise Data Management (EDM) platform for financial institutions, has announced that Barry Adcock has joined the company as a Sales Executive. Adcock, with his extensive banking experience, will work with banks and credit unions to identify their needs in Financial Performance and Enterprise Risk Management.
Adcock previously worked at Deluxe (NYSE: DLX) with the Bankers Dashboard sales teams and served as CFO and acting President of NorthSide Bank. His experience includes financial reporting, budgeting, forecasting, and various aspects of bank management. The addition of Adcock, along with recent hire Tadgh Spradlin, is expected to contribute significantly to Quantalytix's continued growth and ability to help financial institutions improve their performance and efficiency.
Deluxe (NYSE: DLX), a Trusted Payments and Data company, has announced its participation in an upcoming investor conference. Barry McCarthy, President and CEO, and Chip Zint, Senior VP and CFO, will present at CL King's virtual 22nd Annual Best Ideas Conference on Monday, September 16th at 1:15 pm ET.
Interested parties can register and join the live webcast of the event from the investor relations section of Deluxe's website at www.investors.deluxe.com. A replay of the webcast will be available following the event, providing an opportunity for those unable to attend live to catch up on the presentation.
The Deluxe Foundation has announced its 2024 grant awards, allocating over $1 million to various organizations. The grants focus on key areas including Community, Financial Literacy, Education, Entrepreneurship, and Empowerment. Deluxe, a Payments and Data company, is targeting its philanthropic efforts in cities with significant employee presence, such as Minneapolis-St. Paul, Kansas City, and Atlanta.
Recipients of the 2024 grants include the American Red Cross, National Urban League, Metropolitan Economic Development Association (MEDA), and Junior Achievement, among others. The Foundation's strategy involves granting larger amounts to fewer organizations for deeper, more impactful partnerships. This approach aligns with Deluxe's philosophy of 'championing business so communities thrive' and provides opportunities for employee engagement through volunteering and board memberships.
Deluxe (NYSE: DLX) has received the 2024 Association of TeleServices International (ATSI) Call Center Award of Distinction for its Merchant Services customer care team. This marks the 12th consecutive year of recognition, demonstrating Deluxe's leadership in customer service.
Key highlights:
- Deluxe Merchant Services offers 24/7 customer support via phone, email, and chat
- The team maintains a 36-month average tenure among front-line representatives
- They handle approximately 15,000 calls per month
- 87% of inquiries were answered in under 30 seconds last year, a 13% improvement from the previous year
The ATSI award measures call-handling skills, including CRM capabilities, courtesy, professionalism, and response times. This recognition underscores Deluxe's commitment to providing exceptional customer service across multiple industry sectors.
Deluxe (NYSE: DLX), a Trusted Payments and Data Company, has announced inducement grants for John F. Rubinetti, III, its newly hired Senior Vice President and President of B2B Payments. The company agreed to grant Rubinetti restricted stock units worth $820,000 as an incentive to join Deluxe. On August 15, 2024, Rubinetti was granted 41,144 restricted stock units. This move highlights Deluxe's commitment to attracting top talent in the payments industry and strengthening its leadership team in the B2B payments sector.
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.
Deluxe (NYSE: DLX) reported its Q2 2024 results, showing a 5.9% decrease in revenue to $537.8 million, while comparable adjusted revenue declined by 3.0%. Despite this, the company saw improvements in other key metrics:
- Net income increased 25% to $20.5 million
- GAAP diluted EPS grew 24.3% to $0.46
- Comparable adjusted diluted EPS rose 4.9% to $0.85
- Comparable adjusted EBITDA increased 1.6% to $101.8 million
Deluxe affirmed its 2024 guidance for adjusted EBITDA, adjusted diluted EPS, and free cash flow. The company's focus on core capital allocation priorities and reduced net debt levels supports its confidence in meeting full-year and long-term financial objectives.
Deluxe (NYSE: DLX), a modern Payments and Data company, has announced it will report its second quarter 2024 financial results on Wednesday, July 31, 2024, after the market closes. The company will host an open-access conference call at 5:00 p.m. ET (4:00 p.m. CT) on the same day to discuss the results. Interested parties can join the call by dialing 1-888-210-4748 (access code 7092711). A webcast with accompanying slides will be available on the company's investor relations website. For those unable to attend live, a replay will be accessible until midnight on August 7, 2024, by calling 1-800-770-2030 (access code 7092711).
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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