Deluxe (DLX) 10-Q 2008 Q2 Quarterly report

Exhibit 12.1

Deluxe Corporation
Computation of Ratio of Earnings to Fixed Charges

	Six Months
	Ended June 30,		Year Ended December 31,
	2008		2007		2006		2005		2004		2003		2002
Earnings:
Income from continuing operations before income taxes	$	91,872	$	217,654	$	142,541	$	250,734	$	316,873	$	299,380	$	340,722
Interest expense (excluding capitalized interest)(1)		25,133		55,294		56,661		56,604		32,851		19,241		5,079
Portion of rent expense under long-term operating leases representative of an interest factor		1,599		3,048		3,675		4,799		4,929		2,478		3,058
Total earnings	$	118,604	$	275,996	$	202,877	$	312,137	$	354,653	$	321,099	$	348,859
Fixed charges:
Interest expense (including capitalized interest)(1)	$	25,133	$	55,294	$	57,051	$	57,399	$	33,299	$	19,241	$	5,139
Portion of rent expense under long-term operating leases representative of an interest factor		1,599		3,048		3,675		4,799		4,929		2,478		3,058
Total fixed charges	$	26,732	$	58,342	$	60,726	$	62,198	$	38,228	$	21,719	$	8,197
Ratio of earnings to fixed charges		4.4		4.7		3.3		5.0		9.3		14.8		42.6

⁽¹⁾ Does not include interest expense related to uncertain positions recorded under Financial Accounting Standards Board Interpretation No. 48,Accounting for Uncertainty in Income Taxes,which we adopted on January 1, 2007.