Deluxe Corporation
Encyclopedia
Deluxe Corporation is one of the two largest check
Cheque
A cheque is a document/instrument See the negotiable cow—itself a fictional story—for discussions of cheques written on unusual surfaces. that orders a payment of money from a bank account...

 printers in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

, and provides various personalized products and services to small businesses, financial institutions, and consumers. Some of the services available from Deluxe Corp are design services, website services, print marketing, promotional products, and fraud protection services.

Deluxe and its subsidiary brands including New England Business Services Inc. (NEBS), McBee (formerly Royal McBee
Royal McBee
Royal McBee was the name of the computer manufacturing and retail division of Royal Typewriter which made the early computers RPC 4000 and RPC 9000...

) and Checks Unlimited are organized into three business segments:
  • Deluxe Financial Services-serving banks and credit unions
  • Deluxe Small Business Services-serving small businesses
  • Direct Checks-producing and delivering checks directly to consumers


Deluxe is based in Shoreview, Minnesota and has 33 facilities in the U.S. and 3 locations in Canada to conduct its printing and fulfillment, call center, and administrative functions.

History

The company was founded as Deluxe Check Printers in 1915 by W.R. Hotchkiss in Saint Paul, Minnesota
Saint Paul, Minnesota
Saint Paul is the capital and second-most populous city of the U.S. state of Minnesota. The city lies mostly on the east bank of the Mississippi River in the area surrounding its point of confluence with the Minnesota River, and adjoins Minneapolis, the state's largest city...

. Hotchkiss was the creator of some important, speed-enhancing inventions, which included the Hotchkiss Imprinting Press (patented in 1925), a two-way perforator (perfected in 1925), and the Hotchkiss Lithograph Press (patented in 1928).

In 1952, the Deluxe Corporation Foundation was created to contribute to charitable organizations. The company was privately held until 1965, by which time it was a pioneer in the new MICR check printing technology.

By the 1980s, the company was facing reduced demand for its products and increasing competition. In 1988 the company incorporated and changed its name to Deluxe Corporation.

In 1994, Deluxe Corporation acquired T/Maker
T/Maker
T/Maker Company was an early personal computer software company. Created in 1979 by software engineer Peter Roizen , the original product, "Table Maker," later shortened to "T/Maker," was one of the first spreadsheet programs designed for the personal computer user...

, an early personal computer software company. The software product lines of T/Maker were later sold to Broderbund.

In June 2008, Deluxe Corporation agreed to acquire Hostopia.com Inc, a web hosting company.

On July 30, 2008, Deluxe announced its acquisition of PartnerUp , an online networking community for small business owners and entrepreneurs. PartnerUp continues to operate under its own name, while Deluxe promotes PartnerUp among its small business customers.

By December 31, 2008, Deluxe Corp. also acquired Logo Mojo Design, Inc., and Yoffi Digital Press.

In July 2009, MerchEngines was acquired by Deluxe Coproration.

Business units

Deluxe Corp and its subsidiary brands are organized and operate within three business units: Small Business Services, Financial Services, and Direct Checks.
The Small Business Services sector offers business checks, printed forms, promotional products, marketing materials, and related services and products. This segment offers its services and products to small businesses and home offices through direct response marketing, financial institution referrals, independent distributors, the Internet, and sales representatives.

The Financial Services sector sells personal and business checks; check-related products and services; customer loyalty, retention, and fraud monitoring and protection services; and stored value gift cards to banks and other financial institutions. It also provides enhanced services, such as customized reporting, file management, and expedited account conversion support. This sector also provides marketing education to financial institution executives through the Deluxe Knowledge Exchange Series of seminars and workshops.

The Direct Checks sector sells personal and business checks and related products and services directly to consumers through direct response marketing and the Internet. This segment sells its products under the Checks Unlimited, Designer Checks, and Checks.com brand names.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK