Deluxe and ECHO Health have joined forces to create DPX Payments, a joint venture to deliver advanced payables offerings to the large and underserved middle-market. The new venture will offer a comprehensive disbursements platform specifically designed for businesses that send thousands of routine or recurring payments to suppliers and vendors using paper. With multiple digital payment types from which to choose and enhanced security, this solution offers seamless integration with the most popular accounting software platforms, reducing manual processes and mitigating the risk of fraud for small- and mid-sized businesses.

Deluxe and Echo first partnered in 2019 with the launch of the Medical Payment Exchange, which, along with the existing Deluxe Payment Exchange (DPX), is growing rapidly, processing more than $20 billion in payments annually. The new JV expands the partnership to offer these advanced payment capabilities to all businesses, with support for multiple payment types, including ACH, virtual card, paper check, push to debit card, and echeck, among others. The joint venture will leverage the extensive network of businesses with existing relationships with Deluxe enabling significant scale over time.