Deluxe Inks New Agreement with Truist Financial Corporation
January 28 2021 - 4:15PM
Business Wire
New partnership further solidifies long-term
relationship; provides synergies for further growth
Today, Deluxe (NYSE: DLX), a Trusted Business Technology™
company announced that it has finalized a long-term agreement with
Truist Financial Corporation (NYSE: TFC), the sixth largest
commercial bank in the US, which was formed by the 2019 merger of
equals between BB&T Corporation and SunTrust Banks, Inc. This
new agreement is anchored by Deluxe’s world class check products,
while also expanding the ongoing relationship across the company’s
four business segments.
“We are very pleased that Truist is trusting Deluxe to deliver
the latest innovations and technology to enhance the exceptional
products and service its customers have come to expect,” said Barry
McCarthy, President and Chief Executive Officer of Deluxe. “This is
a real validation of our One Deluxe approach, being able to provide
a wide array of products and services from across all of our
segments to our customers. Truist clearly understands that our goal
is to collaborate on creating and finding solutions to help their
entire portfolio.”
The new deal gives Truist clients – from individual customers to
small business owners, corporations to enterprise businesses –
access to exceptional Deluxe check products, including the
company’s program management system, which will save Truist
millions of dollars per year. Further, Deluxe is established across
all segments with Truist, from Cloud Solutions to Payments and
Promotional Solutions. Truist currently engages Deluxe products
from Treasury Management and Marketing Solutions to Digital
Engagements services.
Prior to the merger, Deluxe enjoyed a long-term relationship
with SunTrust Bank. With the emergence of Truist, Deluxe is
furthering the partnership and relationship with the opportunity to
bring more of its portfolio to Truist clients.
“As digital platforms become more and more important in how we
do business today, checks still play a highly significant role in
our economy,” explained Tracy Engelhardt, President of Checks for
Deluxe. “Truist clients rely on check services that will help their
businesses grow. Deluxe is the original payments company and
because of that, we were able to tailor solutions to Truist’s needs
that will evolve as their needs evolve.”
Deluxe is a recognized leader in financial technology, business
services and products supporting approximately 4,000 financial
institutions and 4 million small business clients. Founded in St.
Paul, Minnesota in 1915, Deluxe supports financial institutions and
businesses of all sizes throughout the lifecycle. For more
information about Deluxe, visit www.deluxe.com.
About Deluxe
Deluxe, a Trusted Business Technology™ company, champions
business so communities thrive. Our solutions help businesses pay
and get paid, accelerate growth, and operate more efficiently. For
more than 100 years, Deluxe customers have relied on our solutions
and platforms at all stages of their lifecycle, from start-up to
maturity. Our powerful scale supports 4 million small businesses,
approximately 4,000 financial institutions, hundreds of the world’s
largest consumer brands, while processing more than $2.8 trillion
in annual payment volume. Our reach, scale and distribution
channels position Deluxe to be our customers’ most trusted business
partner. To learn how we can help your business, visit us at
www.deluxe.com, www.facebook.com/deluxecorp,
www.linkedin.com/company/deluxe, or www.twitter.com/Deluxe.
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version on businesswire.com: https://www.businesswire.com/news/home/20210128005716/en/
Cameron Potts, VP of Corporate Communications 651-233-7735
cameron.potts@deluxe.com
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