Deluxe, a trusted business technology company, agreed to acquire First American Payment Systems, a global payment technology company providing leading integrated payment solutions, from Ontario Teachers' Pension Plan and Stella Point Capital for $960m. “This is a major, logical and responsible next step in our transformation. With electronic payments playing an increasingly important role across the economy, the addition of First American’s independent, leading payments platform will advance our One Deluxe strategy and our overall growth trajectory. Deluxe serves an integral part of the payments industry, with our software and services processing more than $2.8tn annually. First American’s end-to-end payments platform presents significant cross-sell opportunities as we continue to invest in our higher growth Payments segment, and this combination will create a multitude of opportunities to drive tremendous value for our shareholders," Barry McCarthy, Deluxe President and CEO.