MINNEAPOLIS--(BUSINESS WIRE)--Deluxe (NYSE: DLX), a trusted Payments and Data company, today announced it has completed the acquisition of CheckMatch from Kinexys by J.P. Morgan, the firm’s industry-leading blockchain business unit. Consistent with the company’s strategy, this acquisition will expand the Deluxe Payment Network (DPN) solution. CheckMatch is a service that digitizes the delivery of paper checks, enabling faster electronic conveyance, which was developed by Kinexys by J.P. Morgan.
Related Questions
What is the anticipated effect of this news on Deluxe's stock price and trading volume in the near term?
How does the purchase price of CheckMatch compare to similar M&A transactions in the digital lockbox space?
Will this deal be accretive to earnings in the short term, and what is the projected timeline for integration benefits?
What competitive advantages does the CheckMatch platform provide Deluxe over existing players in electronic check processing?
How will this acquisition influence Deluxe's cash flow and capital allocation strategy moving forward?
How will the acquisition of CheckMatch affect Deluxe's revenue and earnings guidance?
What is the expected financial impact of integrating Kinexys by J.P. Morgan's blockchain technology into the Deluxe Payment Network?
Are there any regulatory or compliance risks associated with digitizing paper checks using blockchain technology?
How might this acquisition impact Deluxe's relationships with major corporate clients and its market share in the payments ecosystem?
Does Deluxe plan to cross‑sell CheckMatch to its existing client base, and what is the projected adoption rate?