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How Deluxe transformed from paper checks to providing an SMB cloud, payments stack

How Deluxe transformed from paper checks to providing an SMB cloud, payments stack
ZDNet
3 hrs ago
The new SMB stack
Picking the right tech vendors for your small or medium-sized business can be hard, especially with the cloud and everything-as-a-service providers giving you access to enterprise-level IT. ZDNet helps SMBs build a technology stack that promotes innovation and enables growth.
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Deluxe, best known as a company that makes paper checks, launched its digital human resources platform for small and medium sized businesses so they could integrate payroll, hiring, onboarding and time tracking.
HR Solutions on the Deluxe People Platform was soft launched in the first quarter and is now widely available. Deluxe also said it would bring its HR and payroll tools for small businesses to Microsoft Dynamics 365 Business Central. On the surface, Deluxe s launch highlights how the COVI ....

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Deluxe Reports Q1 2021 Results

Deluxe, a Trusted Business Technology company, reported operating results for its first quarter ended March 31, 2021.
“We had a solid start to 2021, consistent with our expectations. We achieved significant year-over-year improvement in adjusted EBITDA and sequential improvement in the total revenue decline rate,” said Barry McCarthy, President and CEO of Deluxe. “Our Payments segment again delivered healthy growth, demonstrating its resiliency in the face of the continued pandemic and severe weather impacts, and despite a tough comparable with the impact of several large-scale wins in the same period a year ago. We also saw acceleration in data-driven marketing, a component of Cloud Solutions.” ....

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Deluxe Corp (DLX) Q1 2021 Earnings Call Transcript

Deluxe Corp (DLX) Q1 2021 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
Logo of jester cap with thought bubble.
Deluxe Corp (NYSE: DLX)
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Deluxe First Quarter 2021 Earnings Conference Call. [Operator Instructions]
At this time, I would like to turn the conference over to your host, Vice President of Investor Relations, Tom Morabito. Please go ahead.SPONSORED:
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Shoreview's Deluxe buying Texas-based payment processing company for $960M

Shoreview s Deluxe buying Texas-based payment processing company for $960M
The acquisition will be the largest in Deluxe s history.
April 22, 2021 8:29am
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Deluxe will spend $960 million to purchase Texas-based First American Payment System, allowing the Shoreview company to expand further into merchant services.
Deluxe is in the middle of a transformation from a company that makes checks to small-business services firm. The acquisition announced Thursday would be the largest in the company s 106-year history.
This is a major, logical and responsible next step in our transformation, said Barry McCarthy, Deluxe s chief executive. With electronic payments playing an increasingly important role across the economy, the addition of First American s independent, leading payments platform will advance our One Deluxe [transformation] strategy and our overall growth traje ....

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Deluxe Corp. (DLX) Reports Acquisition of First American Payment Systems

Deluxe Corp. (DLX) Reports Acquisition of First American Payment Systems
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