StockNews.AI
DLX
StockNews.AI
13 days

Deluxe Acquires CheckMatch from Kinexys by J.P. Morgan to Extend Digital Lockbox Payments Capability

1. Deluxe acquires CheckMatch, expanding their Deluxe Payment Network. 2. CheckMatch digitizes check delivery for faster electronic transactions.

M&A
+18.07%Current Return
VS
+0.57%S&P 500
$16.2708/06 09:37 AM EDTEvent Start
$19.2108/07 04:43 PM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

Acquisitions often signal growth potential and market expansion; similar past acquisitions have positively influenced stock prices.

How important is it?

The acquisition reflects strategic growth in the digital payments space, relevant to investor interest in fintech innovations.

Why Long Term?

The impact of expanded payment solutions will solidify market position over time, enhancing customer base and revenue.

Related Companies

JPMVMA
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 News