Deluxe's WAUSAU Financial Systems Acquires First Data's Remittance Processing Business

August 16, 2018

Deluxe Corporation's WAUSAU Financial Systems acquired the remittance processing business of First Data Corporation for $93 million in cash. The acquisition integrates remittance processing, image-capture software and related treasury management capabilities into Deluxe Financial Services' Treasury Management Solutions to enhance efficiency and funds availability for financial institutions and corporate clients.

Buyers
Deluxe Corporation, WAUSAU Financial Systems, Inc.
Targets
First Data Corporation (remittance processing business)
Sellers
First Data Corporation
Location
Georgia, United States
Transaction Type
Divestiture

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