Exhibit 12.2 DELUXE CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Six Months Ended Years Ended December 31, ----- ------------------------ June 30, 2000 1999 1998 1997 1996 1995 1994 ------------- ---- ---- ---- ---- ---- ---- Earnings - -------- Income from Continuing Operations before Income Taxes $156,774 $324,655 $242,915 $115,150 $118,765 $169,319 $246,706 Interest expense (excluding capitalized interest) 7,248 8,506 8,273 8,822 10,649 13,099 9,733 Portion of rent expense under long-term operating leases representative of an interest factor 5,927 14,640 15,126 13,621 13,467 14,761 13,554 Amortization of debt expense 273 263 122 122 121 84 84 --- ---- ---- ---- --- --- -- TOTAL EARNINGS $170,222 $348,064 $266,436 $137,715 $143,002 $197,262 $270,077 Fixed charges - ------------- Interest Expense (including capitalized interest) 7,248 9,479 9,664 $ 9,742 $ 11,978 $ 14,714 $ 10,492 Portion of rent expense under long-term operating leases representative of an interest factor 5,927 14,640 15,126 13,621 13,467 14,761 13,554 Amortization of debt expense 273 263 122 122 121 84 84 --- ---- ---- ---- --- --- -- TOTAL FIXED CHARGES $ 13,448 $ 24,382 $ 24,912 $ 23,485 $ 25,566 $ 29,559 $ 24,130 RATIO OF EARNINGS TO FIXED CHARGES: 12.7 14.3 10.7 5.9 5.6 6.7 11.2