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Barry McCarthy

President, Chief Executive Officer & Director, DELUXE CORP

Search every verified Barry McCarthy interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Barry McCarthy, president and CEO of Deluxe, discussed the company’s ongoing transformation from a legacy check-printing business into a digital payments provider in a recent podcast appearance. He noted that in the first quarter, the combined revenue from Deluxe’s merchant processing, B2B payments, and data-driven marketing businesses exceeded 50% of total company revenue for the first time, while the check business now accounts for about a third of revenue. McCarthy described this shift as a fundamental change in the company’s structure. McCarthy also addressed the continued relevance of paper checks, stating that 40% of B2B payments are still made by check and that Deluxe ships over 100,000 boxes of checks daily, 363 days a year. He attributed the persistence of checks partly to regulations that require banks to treat paper checks as cash equivalents, and he expressed optimism about Deluxe’s position in the future of payments, particularly in embedded and agentic payment systems where transactions occur invisibly within software platforms.

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