This acquisition enables Deluxe to become a scaled and leading player in merchant services with First American’s leading end-to-end payments platform, providing our combined customers with access to more robust payment technology services and products.
This acquisition is a major strategic, logical and responsible next step in our transformation into a Trusted Payments and Business Technology™ company.
Barry C. McCarthy, President and CEO of Deluxe
Our entire team is looking forward to accelerating our growth by leveraging the extensive Deluxe distribution channels and reaching into their deep client base.
Neil Randel, CEO of First American and Managing Director of Deluxe Payments
FREQUENTLY ASKED QUESTIONS
Deluxe is a Trusted Payments & Business Technology company. We help businesses pay, get paid, optimize and grow. The Payments segment is a significant growth area for Deluxe, and we’ll continue to invest in this segment. This is the largest acquisition in Deluxe’s history and the biggest company acquisition in a quarter century. It allows Deluxe to move into another area of the payments space we previously did not operate in, merchant services, doubling our payments business.
Today we announced that Deluxe has legally closed our acquisition of First American Payment Systems and its family of companies, officially bringing them into our Payments division. We are very pleased to begin operating as One Deluxe, a Trusted Payments & Business Technology company and look forward to delivering the many benefits of this powerful combination. We are focused on ensuring an efficient process to bring First American into our company and remain committed to delivering the same exceptional service and quality of work that you have come to expect.
The First American team will be part of the Payments Division. Their current operating structure will remain relatively the same, with their leadership reporting to Michael Reed, President of Payments for Deluxe. Neil Randel, CEO of First American, will become Managing Director of Deluxe Payments, reporting directly to Michael Reed.
Deluxe | First American Payment Systems
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