EXHIBIT 99.1

	Deluxe Corporation P.O. Box 64235 St. Paul, MN 55164-0235 (651) 483-7111
N   E   W   S           R   E   L   E   A   S   E April 25, 2006	For additional information: Raj Agrawal Treasurer Vice President, Investor Relations (651) 787-1068
DELUXE REPORTS FIRST QUARTER 2006 RESULTS

St. Paul, Minn. — Deluxe Corporation (NYSE: DLX) reported first quarter diluted earnings per share (EPS) of $0.48 on net income of $25 million. EPS for the first quarter of 2005 was $0.78 on net income of $39 million. The revenue growth in Small Business Services (SBS) was offset by declines in Financial Services and Direct Checks, our personal check businesses, resulting in lower net income and EPS.

“First quarter performance met our expectations,” said Ron Eilers, CEO of Deluxe Corporation. “The revenue increase in SBS confirms that our growth strategy is taking hold, particularly the initiatives to broaden and deepen our relationships with financial institutions and small businesses. In our Financial Services business, a number of recent contract renewals and new business wins, for example US Bank, support what we said last quarter about increasing our share in this channel. In fact, customer orders shipped in the first quarter were higher than each of the two previous quarters.”

First Quarter Performance
Revenue was $411 million compared to $437 million during the first quarter 2005. Revenue in Small Business Services increased by $11 million, or 4.9 percent, driven by both higher revenue per order and a higher number of orders. This increase was offset by lower revenue per order and lower order volume in our personal check businesses.

Gross margin was 62.0 percent of revenue, compared to 65.2 percent in 2005. Lower prices and lower order volume in personal checks, along with higher manufacturing costs in SBS, contributed to the decline.

Selling, general, and administrative (SG&A) expense was flat in the first quarter. Investments to execute the SBS growth strategy were offset by lower amortization expense and synergies resulting from the NEBS integration.

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Operating income was $52 million, down from $77 million last year. Operating income included a gain of $5 million from a facility sale during the first quarter of 2006. Operating margin was 12.7 percent of revenue compared to 17.6 percent in the prior year.

Net income decreased $14 million and diluted EPS decreased $0.30 from 2005 due to the lower operating income.

Cash provided by operating activities increased $41 million compared to last year due to the timing of medical and severance benefit payments and lower performance-based employee compensation payments related to 2005‘s operating performance. Contract acquisition payments were also lower than the previous year.

First Quarter Performance by Business Segment
Small Business Services’ revenue increased to $236 million from $225 million in 2005 as a result of early successes implementing the growth strategy that was previously communicated. The number of customer orders and first-time buyers increased, as did revenue per order. Operating income decreased to $12 million from $25 million in 2005, due primarily to planned costs related to executing the growth strategy, a $7 million increase in the allocation of corporate shared services costs, and higher manufacturing costs.

Financial Services’ revenue was $117 million compared to $145 million in 2005, primarily the result of both lower revenue per order and lower order volume. As a result, operating income decreased to $20 million from $32 million in 2005. Comparing first quarter 2006 with fourth quarter 2005, order volume was up 5.2 percent.

Direct Checks’ revenue was $58 million compared to $67 million in 2005 due to lower order volume from the decline in check usage and lower response rates. Operating income was $20 million, flat compared to 2005 as a result of allocating a larger percentage of corporate shared services costs to SBS and reducing advertising and call center costs. Comparing first quarter 2006 with fourth quarter of 2005, order volume was up 1.8% due to an increase in new customers.

Business Outlook
The Company stated that it expects 2006 second quarter diluted EPS to range from $0.52 to $0.56 and full-year EPS to be between $2.70 and $2.80. Deluxe also reiterated that it expects operating cash flows to come in between $240 and $260 million for the year.

“We’re starting to see the benefits of our strategy that’s focused on serving small business customers and financial institutions,” said Eilers. “Our Small Business Services growth initiatives are gaining momentum and will further benefit us as we move into the second half of the year. In addition, as we bring on the financial institution clients we’ve recently won and realize their full impact, we will continue to gain share in our financial services channel.”

Eilers added, “We’re excited about our prospects for the rest of the year and the future as we transform our business and grow our presence in the small business arena. I’m confident that Deluxe’s new CEO, Lee Schram, has just the right combination of experience, business acumen, and character to lead Deluxe into an exciting future.”

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Conference Call Information
Deluxe will hold an open-access teleconference call today at 11:00 a.m. EST (10:00 a.m. CST) to review the quarter’s financial results. All interested persons may listen to the call by dialing 612-332-0342. The presentation also will be available via a simultaneous webcast at www.deluxe.com. An audio replay of the call will be available through midnight on May 2 by calling 320-365-3844 (access code 826724); both audio and slides will be archived on Deluxe’s Web site.

About Deluxe
Deluxe Corporation, through its industry-leading businesses and brands, helps financial institutions and small businesses better manage, promote, and grow their businesses. The Company uses direct marketing, distributors, and a North American sales force to provide a wide range of customized products and services: personalized printed items (checks, forms, business cards, stationery, greeting cards, labels, and shipping/packaging supplies), promotional products and merchandising materials, fraud prevention services, and customer retention programs. The Company also sells personalized checks and accessories directly to consumers. For more information about Deluxe, visit www.deluxe.com.

Forward-Looking Statements
Statements made in this release concerning the Company’s or management’s intentions, expectations, or predictions about future results or events are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management’s current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which variations could be material and adverse. Factors that could produce such a variation include, but are not limited to, the following: the inherent unreliability of earnings, revenue and cash flow predictions due to numerous factors, many of which are beyond the Company’s control; declining demand for the Company’s check and check-related products and services due to increasing use of alternative payment methods; intense competition in the check printing business: continued consolidation of financial institutions, thereby reducing the number of potential customers and referral sources and increasing downward pressure on our revenues and gross margins; potential cost over-runs, delays and asset impairment charges arising from Company initiatives to enhance our information technology systems, including a project undertaken to replace portions of our existing sales and distribution software platforms in our Financial Services and Small Business Services business segments, and from changes in the scope or timing of such initiatives; performance shortfalls by the Company’s major suppliers, licensors or service providers; unanticipated delays, costs and expenses in the development and marketing of new products and services; risks and costs associated with the Company’s growth initiatives; and the impact of governmental laws and regulations. Our forward-looking statements speak only as of the time made, and we assume no obligation to publicly update any such statements. Additional information concerning these and other factors that could cause actual results and events to differ materially from the Company’s current expectations are contained in the Company’s Form 10-K for the year ended December 31, 2005.

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Financial Highlights

DELUXE CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(Dollars and shares in millions, except per share amounts)
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DELUXE CORPORATION
CONSOLIDATED CONDENSED BALANCE SHEETS
(In millions)
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DELUXE CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
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DELUXE CORPORATION
SEGMENT INFORMATION
(In millions)
(Unaudited)

The segment information reported here for 2005 was calculated utilizing the methodology outlined in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2005. As of January 1, 2006, the portion of our Small Business Services segment related to the New England Business Service, Inc. (NEBS) acquisition was fully integrated into all corporate functions. As such, all corporate costs in 2006 are fully allocated to all three of our segments based on segment revenue.

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