Pitney Bowes Launches Cloud-Based Payments Engine for Shipping and eCommerce Platforms
STAMFORD, Conn., April 26, 2016 - Pitney Bowes Inc. (NYSE:PBI), a global technology company that provides innovative products and solutions to power commerce, today announced the launch of its cloud-based payments engine designed to integrate with third party shipping and ecommerce platforms to deliver payments processing as part of a seamless digital experience that offers terms, a consolidated invoice and flexible payment options.
The Pitney Bowes payment solutions provide businesses the flexibility to better manage their shipping spend by aggregating all shipping transactions into one consolidated, itemized invoice and easily control their cash flow through credit terms, including the choice to pay now or later. By leveraging the Pitney Bowes Bank, an FDIC insured institution charted in Utah, the company is able to provide uniform payments products, lending terms and interest rates in the U.S.
“For decades, Pitney Bowes clients have enjoyed the value and convenience of our payment solutions, including Purchase Power and Reserve Account, to manage and process billions of dollars in postage,” said Ron Totaro, General Manager, Global Financial Services, Pitney Bowes. “We are excited to expand our payments capabilities to power new shipping and ecommerce offerings from Pitney Bowes and select partners. With the rapid rise in parcel shipping fueled by explosive growth in global ecommerce, our payments platform will deliver greater convenience and power innovative new solutions in the multi-billion dollar shipping payments marketplace.”
Pitney Bowes has deployed its payments engine as part of its new SendProTM multi-carrier office shipping solution, which enables businesses to better manage their shipping among carriers – including the U.S. Postal Service, FedEx and UPS – from one platform with a consolidated view of shipments and costs to flexible payment options with the USPS.
The Pitney Bowes payment solutions are an integral part of the Pitney Bowes Commerce Cloud, a commerce enabler, providing access to solutions, analytics and APIs across the full commerce continuum with speed and agility to help clients identify customers, locate opportunities, enable communications, power shipping from anywhere to everywhere and manage payments.
About Pitney Bowes
Pitney Bowes (NYSE: PBI) is a global technology company offering innovative products and solutions that enable commerce in the areas of customer information management, location intelligence, customer engagement, shipping and mailing, and global ecommerce. More than 1.5 million clients in approximately 100 countries around the world rely on products, solutions and services from Pitney Bowes. For additional information, visit Pitney Bowes at www.pitneybowes.com.