Deluxe announced on August 6, 2025, the acquisition of CheckMatch from Kinexys by J.P. Morgan, a blockchain business unit. This acquisition is consistent with Deluxe's strategy to expand its Payments and Data segments and will extend the Deluxe Payment Network (DPN) solution.
CheckMatch is a service that digitizes the delivery of paper checks, enabling faster electronic conveyance. By integrating CheckMatch, Deluxe aims to build the largest purpose-built digital lockbox network in the market, connecting physical lockboxes across its network to process payments more efficiently.
The combined platform is expected to include five of the top 10 U.S.-based lockbox providers and multiple leading disbursement partners. This expansion is projected to deliver cost savings by eliminating physical check-related expenses for payors and streamline operations for payees, enhancing the speed and reliability of B2B check payments.
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