Deluxe, a leading payments and data company, has acquired CheckMatch from Kinexys by J.P. Morgan. This acquisition will expand the Deluxe Payment Network (DPN) solution by digitizing the delivery of paper checks, enabling faster electronic processing.
The DPN solution connects physical lockboxes, helping thousands of U.S. businesses process payments more efficiently. With the addition of CheckMatch, the combined platform will include five of the top ten U.S. lockbox providers and several leading disbursement partners.
This expansion will bring significant cost savings to payors by eliminating postage and other physical check expenses. For payees, the process remains streamlined, as payments are now delivered digitally, improving reliability and speed without changing treasury workflows. As the network grows, participants will benefit from increased efficiency and shared infrastructure.
KEY QUOTES:
“In alignment with our strategy to expand in Payments and Data, this acquisition marks a continued investment across our B2B payments portfolio. By bringing together the strengths of CheckMatch and DPN, we are building the largest purpose-built digital lockbox network in the market—delivering value through scale, security, and simplicity in competition with traditional offerings.”
Barry McCarthy, President and CEO of Deluxe
“We are thrilled to see CheckMatch become an integral part of a larger vision that embodies our shared commitment of bringing next-gen innovation to the world of finance and delivering exceptional value for our clients. We are confident that Deluxe is well-positioned to elevate CheckMatch to the next level and will ensure a seamless transition.”
Umar Farooq, Global Co-Head of J.P. Morgan Payments
