Document:

Exhibit 10.3

                               DELUXE CORPORATION
                                      2000
                          EMPLOYEE STOCK PURCHASE PLAN
                           (AMENDED AS OF MAY 1, 2000)

SECTION 1. CERTAIN DEFINITIONS.

1.01. PLAN. The term "Plan" shall mean the Employee Stock Purchase Plan, the
terms and provisions of which are set forth herein.

1.02. COMPANY. The term "company" shall mean Deluxe Corporation.

1.03. SHARES. The term "Shares" shall mean the $1 par value Common Shares of the
company.

1.04. PARTICIPANT. The term "Participant" shall mean a Full-Time Employee of the
company or of its Participating Subsidiaries, who is eligible to participate in
the Plan and who has elected to participate in the manner set forth in the Plan.

1.05. CURRENT COMPENSATION. The term "Current Compensation" shall mean all
regular wage, salary, and commission payments (including periodic sales
commission bonuses) paid by the company to a Participant in accordance with the
terms of his employment, including payments made to him under the short term
disability or paid time off plan of the company or subsidiary of which the
Participant is an employee in effect at the applicable time, but excluding all
overtime earnings, bonus and other incentive payments and awards, and all other
forms of extra compensation.

1.06. QUARTER DATE. The term "Quarter Date" shall mean the first business day of
each February, May, August, and November, commencing with the effective date of
the Plan and ending with the last such date during the term of this Plan, a
"business" day being, for this purpose, a trading day on the New York Stock
Exchange.

1.07. FULL-TIME EMPLOYEE. The term "Full-Time Employee" means, with respect to
employees of the Company, all employees (including officers and directors who
are also employees of the Company) who are employed on a full-time basis and
whose regularly scheduled work week consists of (i) prior to May 1, 2000, at
least forty (40) hours and (ii) from and after May 1, 2000 at least thirty-two
(32) hours. With respect to employees of subsidiaries, "Full-Time Employee"
means employees who are considered full-time employees under the employment
policies of their company. "Full-Time Employees" does not include seasonal or
temporary employees or independent contractors.

1.08. STOCK PURCHASE ACCOUNT. The term "Stock Purchase Account" means a current
bookkeeping record maintained by the company of cumulative payroll deductions
made from the Current Compensation of each Participant in the Plan as reduced by
amounts applied toward the purchase of Shares under the Plan.

<PAGE>

1.09. PARTICIPATING SUBSIDIARIES. The term "Participating Subsidiaries" shall
mean each subsidiary of the company that is not an Excluded Subsidiary.

1.10. EXCLUDED SUBSIDIARY. The term "Excluded Subsidiary" shall mean those
subsidiaries of the company that are designated as such by the Plan
Administrator.

1.11. PLAN ADMINISTRATOR. The term "Plan Administrator" shall mean the board of
directors of the company or any committee appointed by such board.

SECTION 2. ELIGIBLE EMPLOYEES AND ELECTION TO PARTICIPATE.

2.01. Each Full-Time Employee of the company and its Participating Subsidiaries
shall be eligible to participate in the Plan commencing with the Quarter Date on
which, or next following, the date on which he or she completes twelve (12)
consecutive months of employment with the company or its subsidiaries, provided
that an approved leave of absence shall not be deemed to terminate an employee's
continuous employment. Notwithstanding the foregoing, no employee shall be
granted any right to purchase Shares hereunder if such employee, immediately
after such a right to purchase is granted, would own, directly or indirectly,
within the meaning of Section 423(b)(3) and Section 424(d) of the Internal
Revenue Code of 1986, as amended, Shares possessing five percent (5%) or more of
the total combined voting power or value of all the classes of the capital stock
of the company or of all of its affiliates.

2.02. An eligible employee may elect to participate in the Plan by completing a
form known as "Payroll Deduction Authorization," which authorizes regular
payroll deduction from the employee's Current Compensation, beginning with the
first payroll period ending after a Quarter Date, provided the authorization is
received by the company's Employee Services Department at least fifteen days
prior to each Quarter Date. Payroll deductions shall continue until the employee
withdraws or ceases to be eligible to participate in the Plan.

2.03. Employees of an Excluded Subsidiary shall not be eligible to participate
in the Plan unless and until they transfer employment to the company or a
Participating Subsidiary or the Plan Administrator should redesignate the
Excluded Subsidiary as a Participating Subsidiary. In any such event, the period
during which an employee was employed by the Excluded Subsidiary shall, unless
otherwise determined by the Plan Administrator, be treated as employment by the
company or a Participating Subsidiary for purposes of determining the employee's
eligibility under Section 2.01 to participate in the Plan following such
transfer or redesignation.

SECTION 3. PAYROLL DEDUCTIONS AND STOCK PURCHASE ACCOUNT.

3.01. A Participant may elect payroll deductions of any multiple of one percent
not less than three percent nor more than ten percent of his Current
Compensation. A Participant may, at any time, but only once in any twelve-month
period, increase or reduce the

<PAGE>

percentage of his or her payroll deduction within the foregoing limitations by
filing a "Notice of Change," such change to become effective with the first
payroll period commencing on or after the receipt of the Notice of Change by the
company's Employee Services Department.

3.02. Payroll deductions shall be credited currently to the Participant's Stock
Purchase Account. A Participant may not make any separate cash payment into his
Stock Purchase Account.

3.03. No interest will be paid upon payroll deductions or upon any amount
credited to, or on deposit in, an employee's Stock Purchase Account.

SECTION 4. PURCHASE OF SHARES.

4.01. On each Quarter Date, each Participant shall automatically have purchased
for him that number of whole Shares, not less than two, as can be purchased with
the amount in his or her Stock Purchase Account on such Quarter Date.

4.02. The per-Share purchase price of Shares purchased shall be seventy-five
percent (75%) of the fair market value of the Shares on the Quarter Date,
rounded up to the next higher full cent. The fair market value on any day means
the closing price of the Shares on the New York Stock Exchange on such day as
reported by the WALL STREET JOURNAL, MIDWEST EDITION.

SECTION 5. STOCK PURCHASE ACCOUNT BALANCE.

5.01. Any funds remaining in a Participant's Stock Purchase Account after the
purchase of Shares on a Quarter Date shall remain in his or her Stock Purchase
Account and be applied toward the purchase of Shares on the next Quarter Date,
unless the Participant withdraws from the Plan.

SECTION 6. WITHDRAWAL FROM THE PLAN.

6.01. A Participant may, at any time, by written notice to the Employee Services
Department, withdraw from the Plan and cease making any further payroll
deductions. In such event, the company shall refund, within thirty (30) days,
the entire balance, if any, in the employee's Stock Purchase Account. Once an
employee withdraws from the Plan, or his or her employment is terminated, the
employee shall not be eligible to re-enter the Plan for a period of twelve (12)
months. For purposes of the foregoing sentence, a transfer of an employee to an
Excluded Subsidiary or a designation of such employee's employer as an Excluded
Subsidiary shall not be deemed a termination of employment requiring the
employee to accrue an additional year of service time in the event the employee
thereafter transfers to a Participating Subsidiary or the designation of such
employee's employer is subsequently changed to a Participating Subsidiary.

<PAGE>

6.02. Participation in the Plan shall cease upon the date of a Participant's
termination of employment, death, transfer to other than full-time status,
transfer to an Excluded Subsidiary or a change in the designation of a
Participant's employer to an Excluded Subsidiary; and any amounts theretofore
credited to the individual's Stock Purchase Account shall be refunded within
thirty (30) days to the former Participant or to his or her estate; provided
that if during their lifetime a Participant has delivered to the Employee
Services Department a notice in writing, upon a form furnished by the company,
to pay such amount in the event of the Participant's death to a specified person
or persons, such amount in the event of the Participant's death, shall be
refunded to such person or persons whose designation as aforesaid has not been
revoked by the Participant during his or her lifetime. An approved leave of
absence shall not be deemed a termination of employment for purposes of this
section.

SECTION 7. TRANSFERABILITY.

7.01. Stock purchase benefits granted hereunder may not be assigned,
transferred, pledged, or hypothecated (whether by operation of law or otherwise)
and shall not be subject to execution, attachment or similar process. Any
attempted assignment, transfer, pledge, hypothecation, or other disposition or
levy of attachment or similar process upon the stock purchase benefits shall be
null and void and without effect.

7.02. The funds accumulated in a Stock Purchase Account may not be assigned,
transferred, pledged or hypothecated in any way, and any attempted assignment,
transfer, pledge, hypothecation or other disposition of the funds accumulated in
the Stock Purchase Account shall be null and void and without effect.

7.03. The Plan Administrator may, from time to time, establish or modify minimum
required holding periods for Shares purchased by Participants under the Plan
and, in connection therewith, may establish such rules and regulations as it
determines to be necessary or appropriate for the administration of such minimum
holding periods, including, without limiting the generality of the authority
herein, by requiring that the Shares issued under the Plan be restricted or bear
a legend against transfer or by requiring periodic certifications by
Participants concerning compliance with such minimum required holding periods,
provided that the establishment of or any change to any minimum required holding
period shall be made effective on a Quarter Date and that notice thereof shall
be given to Participants on or before the commencement of the calendar quarter
ending on such Quarter Date by such means as the Plan Administrator determines
to be appropriate in the circumstances. The failure of a Participant to receive
any such notice shall not affect the establishment of any such minimum holding
period or any change thereto with respect to that or any other Participant.

SECTION 8. SHARE CERTIFICATES.

8.01. Shares purchased under the Plan may be originally issued in certificated
or uncertificated form, as determined by the Plan Administrator. Shares issued
under the

<PAGE>

Plan may contain restrictions against transfer (including applicable legends to
that effect) as provided in Section 7.03.

8.02. The company shall not be required to issue or deliver any Shares purchased
prior to registration under the Securities Act of 1933 or registration or
qualification under any state law if such registration is required. The company
will use its best efforts to accomplish such registration, if and to the extent
required or determined desirable, not later than a reasonable time following a
Quarter Date, and issuance of Shares may be deferred until such registration is
accomplished.

8.03. An employee shall have no interest in the Shares purchased until a Share
certificate representing the same is issued or an appropriate book-entry is made
with the transfer agent reflecting such purchase.

8.04. The Share certificates or book-entries representing Shares issued under
the Plan shall be registered in the name of the Participant or jointly in the
name of the Participant and another person, as the Participant may direct.

SECTION 9. EFFECTIVE DATE AND AMENDMENT OR TERMINATION OF PLAN.

9.01. The Plan shall become effective on the date fixed by the board of
directors of the company; provided, however, that the date fixed by the board of
directors as the effective date of the Plan shall coincide with a Quarter Date.

9.02. The board of directors of the company may at any time terminate or amend
the Plan.

9.03. The Plan shall automatically terminate on the fifth (5th) anniversary date
of the Quarter Date it became effective (or next ensuing business day, as the
case may be).

SECTION 10. STOCK PLAN COMMITTEE.

10.01. In administering the Plan, it will be necessary to follow various laws
and regulations. It may be necessary from time to time to change or waive
requirements of the Plan to conform with law, to meet special circumstances not
anticipated or covered in the Plan, or to carry on successful operations of the
Plan. Therefore, the company reserves the right, exercisable by the Plan
Administrator, to make variations in the provisions of the Plan for such
purposes and to determine any questions which may arise regarding interpretation
and application of the provisions of the Plan. The determination of the Plan
Administrator as to the interpretation and operation of the Plan shall be final
and conclusive, provided that any such determination by a committee appointed by
the board of directors of the company shall be subject to review by such board.

<PAGE>

SECTION 11. STOCK DIVIDEND OR RECLASSIFICATION, MERGER, OR CONSOLIDATION.

11.01. Upon the payment of any stock dividend or reclassification by way of
split-up in the number of Shares of the company, the total number of Shares
authorized by Section 12 to be sold under the Plan shall be adjusted
accordingly.

11.02. If the company is merged into or consolidated with one or more
corporations during the Plan, appropriate adjustments shall be made to give
effect thereto on a equitable basis in terms of issuance of Shares of the
corporation surviving the merger or of the consolidated corporation, as the case
may be.

SECTION 12. SHARES TO BE SOLD.

12.01. The number of Shares authorized to be sold under the Plan during the
current renewal period, which commences February 1, 2000, shall not exceed 5
million.

SECTION 13. NOTICES.

13.01. Notices to the company pertaining to the Plan may be addressed as
follows:

         Deluxe Corporation
         Attention: Employee Benefits Department
         Post Office Box 64235
         St. Paul, MN 55164-0235Exhibit 10.4

                          AMENDMENT TO CREDIT AGREEMENT

                  THIS AMENDMENT TO CREDIT AGREEMENT (this "Amendment
Agreement"), dated as of August 14, 2000, is made among DELUXE CORPORATION, a
Minnesota corporation (the "Company"), the financial institutions listed on the
signature pages hereof under the heading "THE BANKS" (each a "Bank" and,
collectively, the "Banks") and Bank of America, N.A. (formerly known as Bank of
America National Trust and Savings Association), as administrative agent for
itself and the Banks (in such capacity, the "Agent").

                  The Company, the Banks and the Agent are parties to an Amended
and Restated Credit Agreement dated as of July 8, 1997 (as in effect as of the
date of this Amendment Agreement, the "Credit Agreement"). The Company has
requested that the Banks agree to certain amendments of the Credit Agreement,
and the Banks are willing to agree to such request, subject to the terms and
conditions of this Amendment Agreement.

                  Accordingly, the parties hereto agree as follows:

                  SECTION 1 Definitions; Interpretation.

                  (a) Terms Defined in Credit Agreement. All capitalized terms
used in this Amendment Agreement (including in the Recitals hereof) and not
otherwise defined herein shall have the meanings assigned to them in the Credit
Agreement.

                  (b) Interpretation. The rules of interpretation set forth in
Section 1.02 of the Credit Agreement shall be applicable to this Amendment
Agreement and are incorporated herein by this reference.

                  SECTION 2 Amendments to the Credit Agreement. The Credit
         Agreement shall be amended as set forth in this Section 2, effective as
         of the date of satisfaction of the conditions set forth in Section 3
         hereof (the "Effective Date").

                  (a) Amendments. The Credit Agreement shall be amended as
follows:

                           (i) Section 7.02(c) is amended by deleting the word
                  "and" from the end thereof.

                           (ii) The existing Section 7.02(d) is redesignated as
                  Section 7.02(e). The existing Section 7.02(d) is further
                  amended by changing the reference therein to "subsections
                  7.02(a) through (c)" to read "subsections 7.02(a) through
                  (d)".

                           (iii) A new Section 7.02(d) is inserted to read as
                  follows:

                                    "(d) dispositions by the Company of common
                                    stock of eFunds Corporation to Company
                                    shareholders, pursuant to an exchange offer
                                    (in which shares of the Company are
                                    exchanged for shares of eFunds Corporation)
                                    and spin-off or in-kind dividend of any
                                    remaining eFund shares, as described
                                    generally in that S-1/A

<PAGE>

                                    Registration Statement of eFunds Corporation
                                    filed with the SEC on or about June 23,
                                    2000, and pursuant to an S-4 Registration
                                    Statement of eFunds Corporation to be filed
                                    with the SEC (together, the "Exchange Offer
                                    Transaction"); and".

                           (iv) Section 7.06(b) is amended by deleting the word
                  "and" from the end thereof.

                           (v) The existing Section 7.06(c) is redesignated as
                  Section 7.06(d).

                           (vi) A new Section 7.06(c) is inserted to read as
                  follows:

                                    "(c) make distributions by the Company to
                                    its shareholders of common stock of eFunds
                                    Corporation pursuant to the Exchange Offer
                                    Transaction; and".

                  (b) References Within Credit Agreement. Each reference in the
Credit Agreement to "this Agreement" and the words "hereof," "herein,"
"hereunder," or words of like import, shall mean and be a reference to the
Credit Agreement as amended by this Amendment Agreement.

                  SECTION 3 Conditions of Effectiveness. The effectiveness of
this Amendment Agreement shall be subject to the satisfaction of each of the
following conditions precedent:

                  (a) Executed Amendment Agreement. The Agent shall have
received an executed counterpart of this Amendment Agreement from each of the
Company and the Majority Banks.

                  (b) Additional Closing Documents and Actions. The Agent shall
have received, in form and substance satisfactory to the Agent, a certificate of
a Responsible Officer of the Company dated the Effective Date stating that (A)
the representations and warranties contained in Section 4 hereof are true and
correct on and as of the Effective Date, and (B) on and as of the Effective
Date, after giving effect to the amendment of the Credit Agreement contemplated
hereby, no Default or Event of Default shall have occurred and be continuing.

                  (c) Corporate Authority. The Agent shall have received, in
form and substance satisfactory to the Agent, evidence of the authority of each
officer of the Company executing and delivering this Amendment Agreement.

                  (d) Additional Documents. The Agent shall have received, in
form and substance satisfactory to the Agent, such additional approvals,
documents and other information as the Agent or any Bank (through the Agent) may
reasonably request.

For purposes of determining compliance with the foregoing conditions specified
in this Section 3, each of the Banks that has executed this Amendment Agreement
shall be deemed to have consented to, approved or accepted or to be satisfied
with, each document or other matter either sent by the Agent to such Banks for
consent, approval, acceptance or satisfaction, or required hereunder to be
consented to or approved by or acceptable or satisfactory to, such Bank.

                                       2.
<PAGE>

                  SECTION 4 Representations and Warranties. To induce the Agent
and the Banks to enter into this Amendment Agreement, the Company hereby
confirms and restates, as of the date hereof, the representations and warranties
made by it in Article V of the Credit Agreement. For the purposes of this
Section 4, (i) each reference in Article V of the Credit Agreement to "this
Agreement," and the words "hereof," "herein," "hereunder," or words of like
import in such Section, shall mean and be a reference to the Credit Agreement as
amended by this Amendment Agreement, and each reference in such Section to "the
Loan Documents" shall mean and be a reference to the Loan Documents as amended
hereby, (ii) the representation and warranty set forth in Section 5.11 of the
Credit Agreement shall be deemed instead to refer to the last day of the most
recent fiscal quarter and fiscal year for which financial statements have then
been delivered, and (iii) any representations and warranties which relate solely
to an earlier date shall not be deemed confirmed and restated as of the date
hereof (provided that such representations and warranties shall be true, correct
and complete as of such earlier date).

                  SECTION 5 Miscellaneous.

                  (a) Notice. The Agent shall notify the Company and the Banks
of the occurrence of the Effective Date and thereafter distribute to the Company
and the Banks copies of all documents delivered under Section 3.

                  (b) Credit Agreement Otherwise Not Affected. Except as
expressly amended and restated pursuant hereto, the Credit Agreement shall
remain unchanged and in full force and effect and is hereby ratified and
confirmed in all respects. The Banks' and the Agent's execution and delivery of,
or acceptance of, this Amendment Agreement and any other documents and
instruments in connection herewith shall not be deemed to create a course of
dealing or otherwise create any express or implied duty by any of them to
provide any other or further amendments, consents or waivers in the future.

                  (c) No Reliance By Company. The Company hereby acknowledges
and confirms to the Agent and the Banks that the Company is executing this
Amendment Agreement on the basis of its own investigation and for its own
reasons without reliance upon any agreement, representation, understanding or
communication by or on behalf of any other Person.

                  (d) Costs and Expenses. The Company agrees to pay to the Agent
on demand the reasonable out-of-pocket costs and expenses of the Agent, and the
reasonable fees and disbursements of counsel to the Agent, in connection with
the negotiation, preparation, execution and delivery of this Amendment Agreement
and any other documents to be delivered in connection herewith.

                  (e) Binding Effect. This Amendment Agreement shall be binding
upon, inure to the benefit of and be enforceable by the Company, the Agent and
each Bank and their respective successors and assigns.

                  (f) Governing Law. THIS AMENDMENT AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

                                       3.
<PAGE>

                  (g) Complete Agreement; Amendments. This Amendment Agreement,
together with the other Amendment Documents and the other Loan Documents,
contains the entire and exclusive agreement of the parties hereto and thereto
with reference to the matters discussed herein and therein. This Amendment
Agreement supersedes all prior commitments, drafts, communications, discussion
and understandings, oral or written, with respect thereto. This Amendment
Agreement may not be modified, amended or otherwise altered except in accordance
with the terms of Section 10.01 of the Credit Agreement.

                  (h) Severability. Whenever possible, each provision of this
Amendment Agreement shall be interpreted in such manner as to be effective and
valid under all applicable laws and regulations. If, however, any provision of
this Amendment Agreement shall be prohibited by or invalid under any such law or
regulation in any jurisdiction, it shall, as to such jurisdiction, be deemed
modified to conform to the minimum requirements of such law or regulation, or,
if for any reason it is not deemed so modified, it shall be ineffective and
invalid only to the extent of such prohibition or invalidity without affecting
the remaining provisions of this Amendment Agreement, or the validity or
effectiveness of such provision in any other jurisdiction.

                  (i) Counterparts. This Amendment Agreement may be executed in
any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute but one and the same agreement.

                  (j) Interpretation. This Amendment Agreement is the result of
negotiations among, and has been reviewed by, counsel to the Agent, the Company
and the other parties hereto and are the product of all parties hereto.
Accordingly, this Amendment Agreement shall not be construed against any of the
Banks or the Agent merely because of the Agent's or any Bank's involvement in
the preparation thereof.

                  (k) Loan Documents. This Amendment Agreement shall constitute
a Loan Document.

                                       [SIGNATURE PAGES FOLLOW.]

                                       4.
<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have duly executed this
Amendment Agreement, as of the date first above written.

                                       THE COMPANY
                                       -----------

                                       DELUXE CORPORATION

                                       By:
                                           -------------------------------------
                                       Name:
                                       Title:

                                       THE AGENT
                                       ---------

                                       BANK OF AMERICA, N.A. (formerly
                                       known as Bank of America National Trust
                                       and Savings Association), as Agent

                                       By:
                                           -------------------------------------
                                       Name:  Matthew A. Gabel
                                       Title: Vice President

                                       THE BANKS
                                       ---------

                                       BANK OF AMERICA, N.A. (formerly
                                       known as Bank of America National Trust
                                       and Savings Association), as a Bank

                                       By:
                                           -------------------------------------
                                       Name:  Kenneth J. Beck
                                       Title: Vice President

                                       U.S. BANK NATIONAL ASSOCIATION

                                       By:
                                           -------------------------------------
                                       Name:
                                       Title:

                                       5.
<PAGE>

                                       THE BANK OF NEW YORK

                                       By:
                                           -------------------------------------
                                       Name:
                                       Title:

                                       WELLS FARGO BANK, N.A. (formerly
                                       known as Norwest Bank Minnesota,
                                       National Association)

                                       By:
                                           -------------------------------------
                                       Name:
                                       Title:

                                       WACHOVIA BANK, N.A.

                                       By:
                                           -------------------------------------
                                       Name:
                                       Title:

                                       BANK ONE, N.A.

                                       By:
                                           -------------------------------------
                                       Name:
                                       Title:

                                       6.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]