Deluxe’s collaboration with Aliaswire marks its continued transition from checks to digital payments. In 2021, Deluxe CEO Barry McCarthy noted that the check division comprised about a third of the business. In July 2022, McCarthy said he anticipated the company’s payments business to generate more revenue next year than its check-printing arm.
The company also indicated last year that it would venture into cryptocurrency with plans to introduce a digital wallet that converts crypto to a stablecoin. That program hasn’t started yet, a Deluxe spokesperson said.