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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).
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. When ...
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In 1991, the agency was owned by Deluxe Corporation, [1] and it was part of the spin-off from Deluxe that formed eFunds in 1999. Fidelity National Information Services acquired eFunds in 2007. [2] The number of "bank and thrift branches" served in 1991 was 59,000. [1]
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Most recent developments in check drafting, which helps to facilitate checks by phone, checks by fax and online check payments is the new "Substitute Check Law" known as Check 21, enacted on October 28, 2004, which has greatly increased the use of check drafting. [13]
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