Deluxe acquires CheckMatch from JPMorgan for $25M to expand digital lockbox network

DELUXE CORP

Acquired CheckMatch from Kinexys by J.P. Morgan for $25M ($12.5M paid at close, $12.5M due in 180 days).
Transaction closed Aug 6, 2025; expands Deluxe Payment Network (DPN) digital lockbox capabilities.
CheckMatch digitizes paper check delivery, reducing mail fraud risk; DPN already doubled lockbox count in H1 2025.
Combined platform expected to include five of top 10 U.S. lockbox providers and multiple disbursement partners.

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