Latest news with #DPN
Business Wire
06-08-2025
- Business
- Business Wire
Deluxe Acquires CheckMatch from Kinexys by J.P. Morgan to Extend Digital Lockbox Payments Capability
MINNEAPOLIS--(BUSINESS WIRE)--Deluxe (NYSE: DLX), a trusted Payments and Data company, today announced it has completed the acquisition of CheckMatch from Kinexys by J.P. Morgan, the firm's industry-leading blockchain business unit. Consistent with the company's strategy, this acquisition will expand the Deluxe Payment Network (DPN) solution. CheckMatch is a service that digitizes the delivery of paper checks, enabling faster electronic conveyance, which was developed by Kinexys by J.P. Morgan. The DPN solution digitally connects physical lockboxes across the Deluxe network, which helps to more efficiently process payments made to thousands of businesses across the U.S. By adding CheckMatch to the platform, Deluxe further extends the company's Payments scale, enabling potential revenue and cost synergies. 'In alignment with our strategy to expand in Payments and Data, this acquisition marks a continued investment across our B2B payments portfolio,' said Barry McCarthy, President and CEO of Deluxe. 'By bringing together the strengths of CheckMatch and DPN, we are building the largest purpose-built digital lockbox network in the market—delivering value through scale, security, and simplicity in competition with traditional offerings.' Deluxe has already more than doubled the number of lockboxes accessible through DPN in the first half of 2025. Once integration of CheckMatch is completed—the combined platform is expected to include five of the top 10 U.S.-based lockbox providers and multiple leading disbursement partners, including financial institutions, AP automation platforms, and a major medical payments provider. "We are thrilled to see CheckMatch become an integral part of a larger vision that embodies our shared commitment of bringing next-gen innovation to the world of finance and delivering exceptional value for our clients," said Umar Farooq, Global Co-Head of J.P. Morgan Payments. "We are confident that Deluxe is well-positioned to elevate CheckMatch to the next level and will ensure a seamless transition." Check payments remain a critical component of the B2B payments ecosystem, particularly for large enterprises, financial institutions, and disbursement partners. This expanded inter-lockbox network delivers meaningful cost savings by eliminating postage, envelopes, labor, handling, and physical check costs for payors—including major bill pay platforms and financial institutions. For payees, the process remains virtually unchanged. Payments follow the same well-established lockbox protocols, but are now delivered digitally—streamlining operations without disrupting treasury workflows. By digitizing the delivery of check payments, the network simplifies reconciliation, improves reliability, and helps treasurers manage payments with greater speed and confidence. As the network scales, participants will benefit from increased efficiency and growing value through shared infrastructure and reach. A division of J.P. Morgan Payments, Kinexys by J.P. Morgan has exceeded $2 trillion in notional value1 to date, processing on average $3 billion daily in transaction volume2. Payment transactions on the platform have grown by 10x year-over-year3, with clients now spanning five continents. The business is transforming how information, money and assets move around the world, helping clients harness the speed and efficiency enabled by blockchain technology. About Deluxe Deluxe, a Trusted Payments and Data Company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world's largest consumer brands, while processing more than $2 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers' most trusted business partner. To learn how we can help your business, visit us at 1. JPMC proprietary data 2024 2. JPMC proprietary data 2024 3. Based on Jan.-Aug. 2023 vs. 2024 YoY transaction volume attributed to growth driven by Kinexys Digital Payments.
Daily Express
14-07-2025
- Business
- Daily Express
National Consumer Policy almost done
Published on: Monday, July 14, 2025 Published on: Mon, Jul 14, 2025 By: Bernama Text Size: Armizan said the policy would also outline the roles and responsibilities of all stakeholders, including those indirectly involved with consumer affairs. PENAMPANG: The drafting of the National Consumer Policy (DPN) 2.0 is in its final phase and is expected to be finalised by year-end, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. He said DPN 2.0 would serve as the main reference for all stakeholders in implementing consumer-related initiatives and programmes nationwide from 2026 to 2030. Armizan said the policy would also outline the roles and responsibilities of all stakeholders, including those indirectly involved with consumer affairs. 'The relationship between these various stakeholders is crucial to ensuring effective implementation of consumer protection laws and the dissemination of accurate, comprehensive information to help create empowered Malaysian consumers,' he said in his speech at the 2025 Consumerism Festival here today. Themed 'Semarak Konsumerisme', the three-day festival, which concluded today, marked the highlight of the 2025 National Consumer Day celebration and drew participation from school and university students nationwide. The programme was organised as a key platform to gather recommendations and views on DPN 2.0, which will serve as part of the input in finalising the formulation of the consumer policy. Armizan said DPN 2.0 was also designed to enhance preparedness in addressing current challenges within the consumer ecosystem, including weaknesses in regulatory and enforcement aspects, as well as low consumer literacy levels that were prone to exploitation. He said other challenges included the use of products that did not comply with safety standards or were not environmentally friendly, fraudulent transactions, and the misuse of digital technology, particularly artificial intelligence. According to him, DPN 2.0 would also place emphasis on cost of living issues through an inclusive and responsive approach, including the implementation of the Payung Rahmah MADANI Programme, broader use of the Ihsan MADANI Portal as a reference for price and essential goods information, and the application of cost of living indicators to guide consumer spending. Meanwhile, Armizan said the Kita Pengguna Squad (SKiP) would be mobilised as a bridge between the government and the people in addressing consumerism issues in a more responsive and inclusive manner, forming the foundation for the effective implementation of DPN 2.0. He said the Ministry of Domestic Trade and Cost of Living aimed to register 25,000 SKiP members by the end of the year to strengthen its role in driving consumerism advocacy nationwide. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
13-07-2025
- Business
- Daily Express
National Consumer Policy 2.0 to be finalised by year-end: Armizan
Published on: Sunday, July 13, 2025 Published on: Sun, Jul 13, 2025 By: Bernama Text Size: Armizan speaks at the festival. PENAMPANG: The drafting of the National Consumer Policy (DPN) 2.0 is in its final phase and is expected to be finalised by year-end, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. He said DPN 2.0 would serve as the main reference for all stakeholders in implementing consumer-related initiatives and programmes nationwide from 2026 to 2030. Armizan said the policy would also outline the roles and responsibilities of all stakeholders, including those indirectly involved with consumer affairs. 'The relationship between these various stakeholders is crucial to ensuring effective implementation of consumer protection laws and the dissemination of accurate, comprehensive information to help create empowered Malaysian consumers,' he said in his speech at the 2025 Consumerism Festival here today. Themed 'Semarak Konsumerisme', the three-day festival, which concluded today, marked the highlight of the 2025 National Consumer Day celebration and drew participation from school and university students nationwide. The programme was organised as a key platform to gather recommendations and views on DPN 2.0, which will serve as part of the input in finalising the formulation of the consumer policy. Armizan said DPN 2.0 was also designed to enhance preparedness in addressing current challenges within the consumer ecosystem, including weaknesses in regulatory and enforcement aspects, as well as low consumer literacy levels that were prone to exploitation. He said other challenges included the use of products that did not comply with safety standards or were not environmentally friendly, fraudulent transactions, and the misuse of digital technology, particularly artificial intelligence. According to him, DPN 2.0 would also place emphasis on cost of living issues through an inclusive and responsive approach, including the implementation of the Payung Rahmah Madani Programme, broader use of the Ihsan Madani Portal as a reference for price and essential goods information, and the application of cost of living indicators to guide consumer spending. Meanwhile, Armizan said the Kita Pengguna Squad (Skip) would be mobilised as a bridge between the government and the people in addressing consumerism issues in a more responsive and inclusive manner, forming the foundation for the effective implementation of DPN 2.0. He said the Ministry of Domestic Trade and Cost of Living aimed to register 25,000 Skip members by the end of the year to strengthen its role in driving consumerism advocacy nationwide. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Sun
13-07-2025
- Business
- The Sun
National Consumer Policy 2.0 to be finalised by year-end
PENAMPANG: The National Consumer Policy (DPN) 2.0 is nearing completion and is expected to be finalised by the end of this year, according to Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. The policy will serve as a key reference for stakeholders in implementing consumer-related initiatives nationwide from 2026 to 2030. Armizan emphasised that DPN 2.0 will clearly define the roles and responsibilities of all parties involved, including those indirectly linked to consumer affairs. 'The relationship between these various stakeholders is crucial to ensuring effective implementation of consumer protection laws and the dissemination of accurate, comprehensive information to help create empowered Malaysian consumers,' he said during his speech at the 2025 Consumerism Festival in Penampang. The festival, themed 'Semarak Konsumerisme,' concluded today after three days of activities, serving as a key platform to gather feedback for DPN 2.0. The event also marked the highlight of the 2025 National Consumer Day celebrations, attracting participation from students across the country. DPN 2.0 is designed to address current challenges in Malaysia's consumer ecosystem, including regulatory weaknesses, enforcement gaps, and low consumer literacy, which often leads to exploitation. Other concerns include unsafe or non-eco-friendly products, fraudulent transactions, and digital technology misuse, particularly artificial intelligence. The policy will also prioritise cost-of-living issues through inclusive measures such as the Payung Rahmah MADANI Programme, wider use of the Ihsan MADANI Portal for price references, and cost-of-living indicators to guide consumer spending. Additionally, the Kita Pengguna Squad (SKiP) will be expanded to act as a bridge between the government and the public in addressing consumer issues. The ministry aims to register 25,000 SKiP members by year-end to strengthen advocacy efforts nationwide. – Bernama
Barnama
13-07-2025
- Business
- Barnama
National Consumer Policy 2.0 To Be Finalised By Year-end, Says Armizan
PENAMPANG, July 13 (Bernama) -- The drafting of the National Consumer Policy (DPN) 2.0 is in its final phase and is expected to be finalised by year-end, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. He said DPN 2.0 would serve as the main reference for all stakeholders in implementing consumer-related initiatives and programmes nationwide from 2026 to 2030. Armizan said the policy would also outline the roles and responsibilities of all stakeholders, including those indirectly involved with consumer affairs. 'The relationship between these various stakeholders is crucial to ensuring effective implementation of consumer protection laws and the dissemination of accurate, comprehensive information to help create empowered Malaysian consumers,' he said in his speech at the 2025 Consumerism Festival here today. Themed 'Semarak Konsumerisme', the three-day festival, which concluded today, marked the highlight of the 2025 National Consumer Day celebration and drew participation from school and university students nationwide. The programme was organised as a key platform to gather recommendations and views on DPN 2.0, which will serve as part of the input in finalising the formulation of the consumer policy. Armizan said DPN 2.0 was also designed to enhance preparedness in addressing current challenges within the consumer ecosystem, including weaknesses in regulatory and enforcement aspects, as well as low consumer literacy levels that were prone to exploitation. He said other challenges included the use of products that did not comply with safety standards or were not environmentally friendly, fraudulent transactions, and the misuse of digital technology, particularly artificial intelligence. According to him, DPN 2.0 would also place emphasis on cost of living issues through an inclusive and responsive approach, including the implementation of the Payung Rahmah MADANI Programme, broader use of the Ihsan MADANI Portal as a reference for price and essential goods information, and the application of cost of living indicators to guide consumer spending.
