Deluxe Corporation Appoints Barry McCarthy President, Chief Executive Officer and Member of the Board of Directors

Deluxe Corporation (NYSE: DLX) today announced that Barry C. McCarthy, an accomplished executive with an extensive track record of developing and building technology-driven solutions for financial institutions and small businesses, has been named Deluxe’s President, Chief Executive Officer and a member of the Company’s Board of Directors, effective November 26, 2018. He joins Deluxe after 14 years at First Data, where most recently he served as Executive Vice President and Head of its Network & Security Solutions business, a diversified and growing, $1.5 billion publicly reported segment.

Mr. McCarthy succeeds Lee Schram, who last spring announced his intention to retire from the Company. They will work together closely in the coming weeks to manage a smooth transition of leadership.

“Barry’s exceptional record of developing, expanding and revitalizing businesses that deliver sophisticated solutions to our target markets makes him the ideal leader to drive the next stage of the Company’s transformational growth,” said Martyn Redgrave, Deluxe’s Non-Executive Chairman. “He is a Fintech leader who has pioneered technologies that have helped revolutionize how customers in our industry do business. His strong background in product development, sales, marketing, and technology innovation have supported the significant growth of companies from a Silicon Valley start-up to major divisions of global Fortune 250 organizations. We are confident that Barry’s experience and leadership capabilities will drive our efforts to reach new levels of profitable growth, driven by both organic and acquisitive growth which will generate value for shareholders and all of our stakeholders.”

“We owe a debt of gratitude to Lee who, in his nearly 13 years as CEO, transformed Deluxe from what was essentially a checks and forms printer into a provider of digital technology services, including data-driven marketing and treasury management solutions to the financial services industry and web services to small businesses,” continued Mr. Redgrave. “We thank him for the leadership and continuity he has provided the Company since announcing his retirement, which is facilitating a thoughtful, deliberative succession process, and also for his ongoing commitment to a seamless transition.”