Deluxe Corporation, a prominent player in the payments and data sector, recently appointed Morgan M. “Mac” Schuessler to its Board of Directors, a move that signals a strategic enhancement in leadership and expertise in an evolving marketplace. This development could present several implications for small business owners navigating the complexities of payments and financial technologies.
Schuessler, who has over three decades of experience in the payments and financial technology industries, currently serves as the Chief Executive Officer, President, and director of Evertec Group. His extensive background includes previous leadership roles at Global Payments and American Express. His appointment to the Deluxe board reflects the company’s ongoing commitment to align its leadership with industry experts who can help drive growth and innovation.
Cheryl Mayberry McKissack, Chair of the Deluxe Board of Directors, shared her enthusiasm about Schuessler’s election, stating, “Mac has a wealth of knowledge and experience in the payments space. I am very pleased that we are able to add him to our board and continue our focus on finding board members who can help us realize our vision as a trusted Payments and Data company.” This sentiment echoes the strategic importance of onboarding seasoned professionals who can offer insights aligned with current market trends.
Schuessler’s leadership at Evertec, a company specializing in payment processing, has placed him at the forefront of technological innovation in financial services. Considering Deluxe’s goal of expanding its payment solutions, his insights could be particularly beneficial for small business owners looking for agile and scalable payment systems. Barry McCarthy, President and CEO of Deluxe, acknowledged this potential, stating, “Our ability to attract senior payment executives to the Deluxe board is a testament to our company. Along with our other recent board additions, Mac’s experience and industry depth will support our accelerating payments business growth.”
For small businesses, effective payment solutions are crucial for growth and customer satisfaction. They often need robust systems to manage transactions smoothly, reduce costs, and maintain competitiveness. Schuessler’s involvement in Deluxe could result in innovative offerings tailored to meet the precise needs of small businesses. This could include more integrated software solutions for payment processing, enhanced cybersecurity measures, and user-friendly interfaces that simplify the payment experience.
However, small business owners should also consider potential challenges. One concern could be the pace of innovation in payment technologies. While advancements typically aim to improve efficiency and reduce costs, they may also require businesses to adapt quickly to new systems and practices. This transition can sometimes involve significant investment in training, infrastructure, or software upgrades.
Additionally, as Deluxe grows and expands its offerings, the competition in the payments space may intensify. Small business owners will need to stay informed about their choices and evaluate whether they are getting the best value from their payment solutions. As Deluxe enhances its offerings, it’s crucial that small businesses engage with representatives from the company to ensure they are maximizing the utility of the services provided.
With Schuessler’s extensive background in payments and technology, his contributions to Deluxe’s strategies may pave the way for innovative solutions that could empower small businesses. His leadership experience and insights can help Deluxe remain competitive and customer-focused, thus benefiting its clients.
Reflecting on his new role, Schuessler expressed optimism about his future contributions: “I’m honored to join the board of a technology company with such an impressive history and exciting future as a Payments and Data company. I look forward to contributing to the future strategy of Deluxe with Barry and my new colleagues.”
As Deluxe Corporation continues to solidify its position as a leader in the payments and data ecosystem, small business owners should keep a close watch on how Schuessler’s involvement may influence new product developments and services that can positively impact their operations.
For further details about this board appointment and more information on Deluxe’s offerings, visit the original release here.
Image Via Envato: GaudiLab
