Deluxe CEO Barry C. McCarthy to be Inducted into Georgia Fintech Hall of Fame
July 01 2024 - 8:00AM
Business Wire
Recognized for Transformative Leadership and
Innovation, McCarthy’s Induction Highlights Evolution of Deluxe
into a Digital Payments and Data Solutions Leader
Deluxe (NYSE: DLX), a modern Payments and Data company,
announced today that President and Chief Executive Officer Barry C.
McCarthy will be the 2024 inductee to the Technology Association of
Georgia (TAG) Fintech Hall of Fame. Since joining Deluxe in late
2018, McCarthy has helped transform the organization from a legacy
check printer to a leader in digital payments and data solutions.
Currently, Deluxe processes nearly $3 trillion in payment volume
annually while supporting millions of small businesses, thousands
of vital financial institutions, and hundreds of the world's
leading consumer brands.
“The Georgia Fintech Hall of Fame is a who’s who of industry
giants, and I am grateful to TAG and our fintech community for this
recognition,” said McCarthy.“ I am incredibly proud of our industry
and specifically what we’re building at Deluxe. I look forward to
the bright fintech future, continuing to do this important work
together. I am truly honored and humbled.”
Under McCarthy’s guidance, Deluxe is now in its fourth
consecutive year of organic revenue growth, a feat the company had
not accomplished for several decades, with profits growing faster
than revenue. He masterminded the largest acquisition in company
history with the 2021 acquisition of First American Payments
System, now Deluxe Merchant Services. While continuing to deliver
the industry’s leading check product, the B2B payments, merchant
services, and data analytics solutions Deluxe offers now generate
more revenue than these legacy print businesses for the 109-year
old company.
Previously, McCarthy served on the leadership team of First Data
(now Fiserv) for 14 years, where he led the collaboration with
Apple that supported the launch of ApplePay. At Verisign, he built
the business leading to its acquisition by PayPal. He also
co-founded, built, and sold a Silicon Valley micro-payments
company, MagnaCash. Finally, while at Wells Fargo, he created the
first cloud-based ATMs and modern UI and UX that are still in use
today. His fingerprints are all over the modern fintech industry
landscape.
“On behalf of TAG and our 30,000 members, I want to congratulate
Barry for being honored as this year’s Fintech Hall of Fame Award
honoree,” said Larry K. Williams, President and CEO of TAG. “Barry
is a remarkable business leader and a transformative powerhouse who
has made significant contributions to revolutionizing the fintech
and payments industries. His innovative spirit exemplifies the
thriving fintech community, inspiring future leaders across
multiple technology categories.”
McCarthy is an influential leader in the fintech community whose
contributions include serving as the chair of TAG and a
foundational member of the Fintech Society. He was also the
founding Chair of Fintech Atlanta, a foundational member and
champion of the Georgia Fintech Academy, and currently serves as
Board Chair for the American Transaction Processors Coalition –
representing Deluxe and advocating for America’s payment processing
sector. He also serves as a trustee or director for several local
and national non-profits.
The TAG Fintech Society serves the technology community, helping
to support, grow and ignite tech leaders, companies and the overall
Georgia economy. McCarthy will be inducted into the hall of fame
August 27-28 during Fintech South, the southeast’s largest event
dedicated to financial innovation.
About Deluxe
Deluxe, a modern Payments and Data Company, champions business
so communities thrive. As the original payments company and with
roots tracing back more than 100 years, we've evolved into a leader
in digital payments and data solutions, facilitating seamless
connections to propel businesses forward. Leveraging our powerful
scale, we support millions of small businesses, thousands of vital
financial institutions, and hundreds of the world's leading
consumer brands, processing nearly $3 trillion in payment volume
annually. Explore how Deluxe can elevate your business at
www.deluxe.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701354606/en/
Brian Anderson, VP, Strategy & Investor Relations
651-447-4197 brian.anderson@deluxe.com
Keith Negrin, VP, Communications 612-669-1459
keith.negrin@deluxe.com
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