The Company That Created the Checkbook Is Buying a Payment Processor

Wall Street Journal (06/18/26) Glickman, Dan

Deluxe, one of the biggest paper-check producers, has acquired payment-processing company Celero Commerce for $625 million. Deluxe has been shifting more of its business to digital payments even though paper checks remain a profitable business for the company. Indeed, checks are still widely used by small businesses, but have become less common among large companies.

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