Deluxe, best known over the last 112 years as a provider of paper check products to consumer and business customers of US financial institutions, now generates more than half of its annual revenue from nonprint products including payment card processing services for merchants. The $625-million all-cash acquisition of merchant processor Celero Commerce, which was completed in July 2026, raises revenue from nonprint businesses to around 57% of Deluxe’s total. Expanding into merchant processing services has been part of Deluxe’s plan to diversify its revenue base since 2021 when it purc...