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Eye On Acquiring: Deluxe Expands Processing; Nuvei Signs Delivery Platform WeCook

Digital Transactions

Deluxe Corp. announced on Thursday a deal with Dupaco Community Credit Union to process transactions for its business clients using its First American by Deluxe service. The Madison, Wis.-based credit union has more than 120 business clients. The service will also be made available to new Dupaco business customers, Deluxe says.

The deal is an outgrowth of Deluxe’s strategy to become a payments company, a Deluxe spokesperson says. The processor for the new arrangement is First American Payment Systems L.P., which Deluxe acquired last year for $960 million. That transaction helped double Deluxe’s payments business overnight and is expected to add $600 million in transaction volume annually for the company, best known to the general public as a check printer.

“We are now able to cross-sell to our 4,000 financial-institution partners and our more than 4 million small businesses, with merchant services, while also providing other Deluxe payments and data solutions,” the Deluxe spokesperson says by email.