Deluxe Corporation (NYSE: DLX) and RDM Corporation (TSX: RC) of Canada announced today that, through a wholly owned subsidiary, Deluxe has completed the acquisition of 100 percent of the stock of RDM for approximately $70 million (USD) in cash, net of cash acquired. RDM will become part of the growing suite of treasury management solutions offered by Deluxe.

The addition of RDM is expected to contribute approximately $19 million to 2017 revenue and be accretive to operating income for 2017, and add roughly $0.02 to earnings per share before transaction costs and restructuring. These effects were already included in Deluxe’s previously provided 2017 earnings guidance as indicated in the Form 10-K.

RDM Corporation is a provider of remote deposit capture (RDC) software, hardware and digital imaging solutions for financial institutions and corporate clients. Founded in 1987 in Waterloo, Ontario, RDM was publicly traded on the Toronto Stock Exchange and conducts business primarily in the United States. RDM customers include four of the top 10 banks in the US market and 31 percent of the top 100 Fortune 500 companies.

“RDM further enhances our robust suite of best-in-class treasury management solutions, strengthening our value proposition and improving our market position,” said John Filby, President of Deluxe Financial Services. “Deluxe acquired WAUSAU Financial Systems in 2014, FISC in 2015 and Data Support Systems in 2016. We continue to build on our commitment to bring a rich set of treasury management solutions together under one roof.”

For more than 100 years, Deluxe Corporation has been a leading provider of products and services to financial institutions and small businesses. Deluxe has approximately 5,600 financial institution customers that rely on it for industry-leading programs in checks, data-driven marketing, treasury management and digital engagement solutions.

“Together with Deluxe we are now the provider of choice for commercial and business mobile RDC which are attractive growth markets for us and our clients,” said Randy Fowlie, President and CEO of RDM Corporation. “We are pleased to be joining an established FinTech leader who shares our vision and reputation for client delivery excellence.”

This press release is also issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. The stock of RDM were acquired for CDN$5.45 per share in cash.

About DeluxeDeluxe Corp. is a growth engine for small businesses and financial institutions. Nearly 4.4 million small business customers access Deluxe’s wide range of products and services, including customized checks and forms, as well as website development and hosting, email marketing, social media, search engine optimization and logo design. For our approximately 5,600 financial institution customers, Deluxe offers industry-leading programs in checks, data driven marketing, treasury management and digital engagement solutions. Deluxe is also a leading provider of checks and accessories sold directly to consumers. For more information, visit us at deluxe.com, www.facebook.com/deluxecorp or www.twitter.com/deluxecorp.

About RDMRDM Corporation provides large financial institutions with Remote Deposit Capture (RDC) solutions designed to help their clients simplify the way they do business. Working with clients for over 25 years, RDM provides both software and hardware solutions including web-based and mobile RDC, and manufactures a multiple range of digital imaging scanners. Four of the top ten financial institutions in the United States use RDM’s payment processing solutions. RDM serves 31 percent of the top 100 Fortune 500 companies including brokerage firms, big-box retailers, healthcare and insurance providers, and government entities. RDM processes over $600 billion in payments annually and helps financial institutions increase revenue, expand market share and improve customer service for over 80,000 end users. Visit http://www.rdmcorp.com/ to learn more.

Forward-Looking StatementsCertain statements contained in this communication, including statements about the acquisition of RDM, its effects, and the Company’s outlook, constitute “forward-looking statements.”

Forward-looking statements can usually be identified by the use of words such as “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “evolve,” “expect,” “forecast,” “intend,” “looking ahead,” “may,” “opinion,” “plan,” “possible,” “potential,” “project,” “should,” “will” and other expressions which indicate future results, events or trends. Such statements reflect management’s current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which variations could be material and adverse. Factors that could produce such a variation include, but are not limited to, the following: the acquisition may involve unexpected costs or liabilities; Deluxe may be unable to achieve expected synergies and operating efficiencies from the acquisition within the expected time frames or at all; the integration of RDM into Deluxe’s business may be unsuccessful, or more difficult, time consuming or costly than expected; revenues following the acquisition may be lower than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the acquisition; uncertainties surrounding the acquisition; the impact that a deterioration or prolonged softness in the economy may have on demand for the Company’s products and services; the inherent unreliability of earnings, revenue and cash flow predictions due to numerous factors, many of which are beyond the Company’s control; declining demand for the Company’s check and check-related products and services due to increasing use of other payment methods; intense competition in the check printing business continued consolidation of financial institutions and/or additional bank failures, thereby reducing the number of potential customers and referral sources and increasing downward pressure on the Company’s revenue and gross profit; risks that the Small Business Services segment strategies to increase its pace of new customer acquisition and average annual sales to existing customers, while at the same time maintaining its operating margins, are delayed or unsuccessful; risks that the Company’s recent acquisitions do not produce the anticipated results or revenue synergies; risks that the Company’s cost reduction initiatives will be delayed or unsuccessful; performance shortfalls by one or more of the Company’s major suppliers, licensors or service providers; unanticipated delays, costs and expenses in the development and marketing of products and services, including web services and financial technology solutions; the failure of such products and services to deliver the expected revenues and other financial targets; risks of unfavorable outcomes and the costs to defend litigation and other disputes; and the impact of governmental laws and regulations.

Our forward-looking statements speak only as of the time made, and we assume no obligation to publicly update any such statements. Additional information concerning these and other factors that could cause actual results and events to differ materially from the Company’s current expectations are contained in the Company’s Form 10-K for the year ended December 31, 2016.

Deluxe CorporationEdward A. Merritt, 651-787-1068Treasurer and Vice President of Investor RelationsEd.Merritt@Deluxe.comorCameron Potts, 651-233-7735Vice President, Public RelationsCameron.Potts@deluxe.com

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