Deluxe Launches Online Education Resource to Help Consumers, Financial Institutions Adapt to Check 21 Legislation

Check 21 Improves Processing Efficiencies, Supports Continued Check Use

ST. PAUL, Minn., Oct. 18 /PRNewswire-FirstCall/ -- Deluxe Corporation (NYSE: DLX - News) today announced the Deluxe Check 21 Center, a Web-based resource located at http://www.deluxe.com , which helps consumers and small businesses better understand the impacts of Check 21 as financial institutions implement the changes. The banking legislation becomes effective on October 28 and affects how checks can be processed, but doesn't change how people or businesses write or cash checks.

Check 21 legislation states that an electronic or paper reproduction of a check is the legal equivalent of the original check. The new law permits financial institutions to submit these "substitute" checks for processing and clearing. The paperless processing occurs after the customer submits a check for payment.

"Check 21 represents one of the most dramatic changes the banking industry has seen in decades," said Ron Eilers, president and chief operating officer of Deluxe Corporation. "As a leader in the industry and trusted partner to financial institutions, it is our responsibility to help educate consumers and businesses on the implications of this legislation."

The Deluxe Check 21 Center offers useful information about substitute checks, its impact on the payments process, as well as tools and industry resources for financial institutions to prepare for the gradual implementation of the legislation.

"Checks aren't going away," said Eilers. "In fact, Check 21 supports the use of checks by creating a more efficient processing system. The legislation will make checks more safe and secure, and consumers should feel comfortable writing checks as they always have."

Check 21 will reduce the cost of processing checks and it should also help financial institutions in their efforts to detect payment fraud as checks will clear faster.

"It is essential that financial institutions fully understand and adapt the new regulations and requirements," said Eilers. "In addition to our online toolkit, Deluxe offers other educational materials that will help the consumer understand the changes. The legislation will ultimately create a more efficient check-processing system and an improved banking experience for everyone."

About Deluxe

Deluxe Corporation, through its industry-leading businesses and brands, helps financial institutions and small businesses better manage, promote, and grow their businesses. The Company uses direct marketing, distributors, and a North American sales force to provide a wide range of customized products and services: personalized printed items (checks, forms, business cards, stationery, greeting cards, labels, and shipping/packaging supplies), promotional products and merchandising materials, fraud prevention services, and customer retention programs. The Company also sells personalized checks and accessories directly to consumers. More information about Deluxe is available at http://www.deluxe.com .

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Source: Deluxe Corporation

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