Deluxe Powers Payments for Dollar Bank’s 91 Branches and $12.2B Asset Base
DLX•Deluxe struck a merchant services partnership with Dollar Bank, the nation’s largest independent mutual bank with $12.2 billion in assets and 91 branches. The agreement deploys Deluxe’s cloud payment infrastructure and data capabilities to enhance Dollar Bank’s business payments and expand Deluxe’s community bank presence.
1. Partnership Terms
In this merchant services partnership, Deluxe will integrate its cloud-based payment infrastructure and advanced data access capabilities to serve Dollar Bank’s 91 branches and $12.2 billion asset portfolio, enhancing the bank’s business payment acceptance options.
2. Growth Strategy for Deluxe
The deal underpins Deluxe’s strategic push into the community bank segment, leveraging its platform—which processes over $2 trillion in annual payments—to broaden its client base and drive recurring service revenues.
3. Dollar Bank Customer Benefits
Dollar Bank’s business customers will receive streamlined merchant services, enhanced day-to-day support and scalable payment solutions designed to accommodate the bank’s complex portfolio and future growth objectives.
