Deluxe completes acquisition of loyalty company

NEW YORK (AP) -- The business services provider Deluxe Corp. completed its acquisition of Destination Rewards, a customer rewards and loyalty program, as it expands options for its customers.

Destination, based in Boca Raton, Fla., has a rewards program that uses a merchant network for discounted retail goods and services including hotel rooms, local deals, gift cards and other merchandise.

Deluxe, based in St. Paul, Minn., said that the acquisition will enhance its suite of services.

"Financial institutions are focused on driving revenue and enhancing the customer experience with cost management discipline," said John Filby, senior vice president of financial services for Deluxe.

Deluxe announced the acquisition in December. It's not expected to have a significant impact on revenue or earnings per share this year or next year.