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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000897101-00-001163.txt : 20001205
<SEC-HEADER>0000897101-00-001163.hdr.sgml : 20001205
ACCESSION NUMBER:		0000897101-00-001163
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20001130
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20001204

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DELUXE CORP
		CENTRAL INDEX KEY:			0000027996
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANKBOOKS, LOOSELEAF BINDERS & BOOKBINDING & RELATED WORK [2780]
		IRS NUMBER:				410216800
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-07945
		FILM NUMBER:		783086

	BUSINESS ADDRESS:	
		STREET 1:		3680 VICTORIA STREET NORTH
		CITY:			SHOREVIEW
		STATE:			MN
		ZIP:			55126
		BUSINESS PHONE:		6514837111

	MAIL ADDRESS:	
		STREET 1:		3680 VICOTRIA STREET NORTH
		CITY:			SHOREVIEW
		STATE:			MN
		ZIP:			55126

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DELUXE CHECK PRINTERS INC
		DATE OF NAME CHANGE:	19880608
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>0001.txt
<TEXT>



                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                               ___________________



                                    FORM 8-K


                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



                         Date of Earliest Event Reported
                                November 30, 2000


                               DELUXE CORPORATION
             (Exact name of registrant as specified in its charter)



                                    MINNESOTA
         (State or other jurisdiction of incorporation of organization)



        1-7945                                          41-0216800
(Commission File Number)                    (IRS Employer Identification Number)





      3680 Victoria Street, North
       St. Paul, Minnesota                             55126-2966
(Address of principal executive offices)                (Zip Code)


Registrant's telephone number, including area code (651) 483-7111


<PAGE>


Item 5.  OTHER EVENTS

On November 30, 2000, Deluxe Corporation issued a press release announcing that
the Board of Directors approved the declaration of a dividend of all of Deluxe
Corporation's shares in eFunds Corporation. The press release is attached as
Exhibit 99 to this Form 8-K. .

Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

         Exhibit 99    Deluxe Corporation press release issued November 30, 2000



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                            DELUXE CORPORATION
                                                Registrant


Date:  December 4, 2000                     By  /s/ Anthony C. Scarfone
                                                --------------------------------
                                                Name:  Anthony C. Scarfone
                                                Title: Senior Vice President and
                                                       General Counsel


<PAGE>


                                  EXHIBIT INDEX

Exhibit Number    Exhibit
- --------------    -------

99                Deluxe Corporation Press Release issued November 30, 2000





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>



[LOGO]                                               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               FOR ADDITIONAL INFORMATION:
                                                     STUART ALEXANDER
                                                     Vice President
                                                     Investor Relations
                                                     (651) 483-7358

November 30, 2000
                                                     LOIS M. MARTIN
                                                     Senior Vice President
DELUXE BOARD SETS RECORD DATE AND DISTRIBUTION       Chief Financial Officer
       DATE FOR eFUNDS STOCK DIVIDEND                (651) 481-4222


St. Paul, Minn. -- Deluxe Corporation (NYSE: DLX) and eFunds Corporation
(Nasdaq: EFDS) today announced that the Deluxe Board of Directors has declared a
stock dividend of all of Deluxe's shares in eFunds. The dividend will be
distributed on December 29, 2000 to Deluxe shareholders of record as of 5:00
p.m. central time on December 11, 2000. Deluxe currently holds 40 million
shares, or approximately 87.9%, of the outstanding common stock in eFunds.

THE DIVIDEND DISTRIBUTION
The eFunds shares will be distributed to Deluxe shareholders in the amount of
approximately 0.5513 shares of eFunds for each Deluxe share. The final ratio
will be based on the actual number of Deluxe shares outstanding on the record
date, December 11, 2000. On October 26, 2000, as reported in Deluxe's quarterly
report for the period ending on September 30, 2000, Deluxe had 72,555,533 shares
outstanding.

Deluxe shareholders will receive stock certificates for whole shares of eFunds
and cash payments for fractional shares. On November 29, 2000, Deluxe received a
ruling from the Internal Revenue Service that the distribution to shareholders
qualifies as tax-free for U.S. federal income tax purposes. Cash received in
lieu of fractional shares will be taxable.

TRADING BETWEEN THE RECORD DATE AND DISTRIBUTION DATE
If you are a shareholder of Deluxe Corporation as of December 11, 2000 (the
record date) the best way to maintain your rights to receive shares of eFunds on
December 29, 2000 (the distribution date) is to maintain your ownership position
in Deluxe up to and including the distribution date. If you trade your Deluxe
shares without taking any special action between December 11, 2000 and December
29, 2000 you will lose your right to receive shares of eFunds based on the
Deluxe shares traded, because these Deluxe shares will be traded on the New York
Stock Exchange with "due-bills." . If you want to trade your Deluxe shares
between December 11, 2000 and December 29, 2000 without losing your right to
receive eFunds shares, you should contact your broker for information as to
whether you are eligible and how to participate in the "ex-distribution" market.


                                     -MORE-
<PAGE>


                                      -2-


PART OF A CHANGE IN DELUXE'S BUSINESS MODEL
The distribution of shares of eFunds is part of a change in Deluxe's business
model. eFunds' businesses have historically been operated as units of Deluxe. In
April 1999, Deluxe announced that it was changing its business model to a
holding company structure with four, independently operated, business units:
paper payment systems, electronic payments, professional services and government
services. On January 31, 2000, Deluxe announced that its Board of Directors
approved a plan to combine the latter three businesses into a separate,
independent, publicly traded company called eFunds Corporation.

"Each one of these steps was part of a larger process to create shareholder
value," said J.A. Blanchard, chairman and CEO. "With Deluxe and eFunds operating
separately and independently, each one will be able to focus on their respective
markets."

eFunds issued 5.5 million shares of common stock to the public on June 30, 2000.
Prior to this initial public offering (IPO), Deluxe owned 100% of eFunds' total
outstanding common shares. Subsequent to the IPO, Deluxe owns 40 million of
eFunds' common shares.

FURTHER INFORMATION ON DISTRIBUTION
An information statement will be mailed to Deluxe shareholders of record several
business days following the December 11, 2000 record date. The statement will
include the final ratio of eFunds shares to be distributed for each Deluxe share
outstanding and information related to establishing the basis price for Deluxe
and eFunds shares. The basis for a shareholder's Deluxe stock will be prorated
between their Deluxe shares and eFunds shares.

For additional questions on the distribution, Deluxe shareholders can visit the
company's web site at http://www.deluxe.com, or call 866-902-4573, a toll-free
number that has been set up to answer frequently asked questions related to the
distribution. An operator will also be available to answer more specific
questions.

ABOUT DELUXE
Deluxe provides checks and related products to financial services companies,
consumers and small businesses through multiple distribution channels. Since its
beginning in 1915, Deluxe has been instrumental in shaping the payments industry
and serving financial services companies by focusing on consumers and small
businesses. The Company is headquartered in St. Paul, Minn. More information
about Deluxe can be found at www.deluxe.com.

ABOUT eFUNDS
eFunds delivers innovative, reliable and cost-effective technology solutions to
meet its customers' payment and risk management, e-commerce and business process
improvement needs. eFunds provides its services to financial institutions,
financial services companies, electronic funds networks, retailers, government
agencies, e-commerce providers, and other companies around the world. For more
information, visit www.efunds.com.

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 ARE NECESSARILY SUBJECT TO RISKS
AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO VARY FROM STATED
EXPECTATIONS, AND SUCH VARIATIONS COULD BE MATERIAL AND ADVERSE. FACTORS THAT
COULD


                                     -MORE-
<PAGE>


                                      -3-


RESULT IN SUCH A VARIATION INCLUDE, BUT ARE NOT LIMITED TO, THE INHERENT
UNRELIABILITY OF EARNINGS, REVENUE AND CASH FLOW PREDICTIONS DUE TO NUMEROUS
FACTORS, INCLUDING MANY BEYOND THE COMPANY'S CONTROL, POTENTIAL DIFFICULTIES,
DELAYS AND UNANTICIPATED COSTS AND EXPENSES INHERENT IN THE DEVELOPMENT AND
MARKETING OF NEW PRODUCTS AND SERVICES, COMPETITIVE FACTORS, AND THE NUMEROUS
RISKS AND POTENTIAL ADDITIONAL COSTS, DISRUPTIONS AND DELAYS ASSOCIATED WITH THE
REORGANIZATION AND SEPARATION OF THE TWO COMPANIES, AND THE ESTABLISHMENT OF NEW
BUSINESS VENTURES AND E-COMMERCE BUSINESS INITIATIVES. FURTHER, THE PENDING
SEPARATION OF THE TWO COMPANIES MAY DISRUPT ONE OR MORE OF THE COMPANY'S OR
eFUNDS' CUSTOMER RELATIONSHIPS. THERE ALSO CAN BE NO ASSURANCE THAT THE
SEPARATION OF THE COMPANY AND eFUNDS WILL RESULT IN INCREASED VALUE TO THE
COMPANY'S SHAREHOLDERS FOR MANY REASONS, INCLUDING PREVAILING MARKET CONDITIONS
AND POTENTIAL DISPOSITIONS BY HOLDERS OF THE COMMON STOCK OF EITHER COMPANY IN
ANTICIPATION OF, OR FOLLOWING, THE SPIN-OFF OR THAT THE SEPARATION WILL ACHIEVE
THE DESIRED LEVEL OF EFFICIENCY OR EXPENSE AND COST SAVINGS IN THE COMPANY'S
OPERATIONS. ADDITIONAL INFORMATION CONCERNING THESE AND OTHER FACTORS THAT COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE COMPANY'S CURRENT
EXPECTATIONS IS CONTAINED IN THE COMPANY'S FORM 10- Q FOR THE QUARTER ENDED
SEPTEMBER 30, 2000.

                                      # # #


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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