1. Deluxe partners with Bonko to enhance payment processing for insurance agencies. 2. This collaboration simplifies reconciliation, potentially boosting DLX's market position.
This partnership can increase DLX's revenue streams by tapping into the insurance payment sector. Historical partnerships, such as with PayPal, have significantly improved operational efficiency and brought new client segments.
The partnership with Bonko is likely to open new markets for DLX, enhancing revenue potential. As payment processing evolves, being at the forefront can increase attractiveness to investors and partners.
The benefits of this partnership will accrue over time as adoption increases among insurance agencies. Similar long-term deals have historically resulted in sustained growth for partners.