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Deluxe Corporation was founded as Deluxe Check Printers in Saint Paul, Minnesota by William Roy (W. R.) Hotchkiss, [6] after Hotchkiss secured a $300 loan. [7] [8] Hotchkiss was the creator of speed-enhancing inventions, including the Hotchkiss Imprinting Press (patented in 1925), a two-way perforator, and the Hotchkiss Lithograph Press (patented in 1928).
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The company's initial public offering was in 1969. By 1984 this financial services company [4] had an estimated 20% of the USA check-printing market; [5] only Deluxe Corporation was larger. [6] Harland purchased a software automation company that services both banks and small businesses mid-2000. [1] Two years later they acquired another ...
Deluxe Corp. is a case in point. Realizing that paper checks were on the way out, the Minneapolis-based company started acquiring small-business services companies — and a lot of them.