FORBES – Although the death of paper checks has long been predicted, and has largely occurred in Europe, paper is still strong in the United States. So it’s no surprise that Deluxe Corporation continues to prosper — it ships 150,000 packages of checks a day, said CEO Barry McCarthy.
But those paper checks account for less than 38% of revenue at the 105-year old company, he added. Over the last decade Deluxe has diversified to payments, cloud services and promotional products — businesses each producing hundreds of millions in revenue. Rather than discuss the printed check business, McCarthy prefers to talk about how Deluxe supports small businesses, from their very beginnings — getting registered and obtaining any necessary licenses, to payments from payroll to treasury management and lockbox operations. Read more.