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Deluxe acquires remittance solutions assets from Fiserv

Shoreview, Minn.-based Deluxe Corp. acquired the remittance solutions assets from Brookfield, Wis.-based Fiserv Inc.

Terms of the deal were not disclosed.

Deluxe will assume control of the Fiserv lockbox businesses operating in five locations, including the main Chicago facility. Fiserv, along with being a client of Deluxe Treasury Management Services, will become a reseller of Deluxe lockbox processing.