Deluxe expands its digital lockbox capabilities by integrating CheckMatch from Kinexys (J.P. Morgan), doubling its network reach and streamlining B2B check processing through its Deluxe Payment Network (DPN).
Highlights
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Strategic Acquisition for Digital Payments: Deluxe has acquired CheckMatch from Kinexys by J.P. Morgan, integrating check digitization capabilities into its Deluxe Payment Network to modernize paper check delivery.
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Expanded Network Reach: The merge doubles DPN’s footprint, connecting five of the 10 largest U.S. lockbox processors and key disbursement partners, enhancing efficiency for enterprises, AP platforms, and medical payments providers.
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Cost and Workflow Benefits: The digital network sharply reduces mailing, handling, and fraud risks, while preserving existing treasury workflows—making it faster, more secure, and cost-effective for payors and payees.
Summary
Deluxe has strengthened its Payments and Data portfolio by acquiring CheckMatch from Kinexys, J.P. Morgan’s blockchain-driven check digitization platform. This strategic move enriches the Deluxe Payment Network (DPN) by enabling digital lockbox services that drastically simplify how B2B check payments are delivered and processed.
With the CheckMatch integration, DPN will encompass five of the largest U.S. lockbox processors and connect to top disbursement channels—including major financial institutions, AP automation vendors, and healthcare payers. The outcome: postal and handling cost reduction, decreased fraud risk, and improved cash flow visibility.
Deluxe’s CEO Barry McCarthy emphasized how merging CheckMatch with DPN positions the company at the forefront of digital lockbox payments: “building the largest purpose-built digital lockbox network — delivering value through scale, security, and simplicity.” Despite digitization, the experience remains seamless for payees, as existing lockbox procedures and workflows are maintained.
