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Deluxe Acquires First Data's Remittance Processing Business

Deluxe Corporation, through its wholly owned subsidiary Wausau Financial Systems, Inc., has completed the acquisition of the remittance processing business of First Data Corporation, RemitCo. “This is a tremendously strategic acquisition for Deluxe Financial Services as we cement our position as the largest and best provider of receivables management solutions. This deal reinforces our longstanding ‘best-in-class’ brand promise and is fueled by an ongoing market trend toward outsourcing technology enabled solutions and services to trusted FinTech partners of scale.” – John Filby, President, Deluxe Financial Services. Read the full press release >

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“I think we have a seamless approach that comes from having Deluxe handle both (acquisitions and onboarding). We target households who are most likely to do business with us. Then, when they open accounts, they trigger the onboarding process.”

Lauren Jenkins Marketing Coordinator, Armstrong Bank

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"If credit unions are looking for a tool that will save them time on reporting, forecasting, and the board package, then Credit Union Dashboard is really worth a look. I was amazed at how we were able to streamline and find more time to focus on the daily performance of the business.”

Josh Rodriquez President & CEO, Missouri Valley Federal Credit Union

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“Paperless treasury onboarding from Deluxe helps us get our customers up and running faster and with fewer errors, and demonstrates to them that we’re a knowledgeable, professional bank with quality services.”

Steve Jennrich Vice President, West Suburban Bank

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DELUXE FINANCIAL SERVICES BLOG

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Ann Jones October 23rd, 2018

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