Broadridge and Pitney Bowes Announce Financial Services Industry Support for Volly™
LAKE SUCCESS, N.Y., October 23, 2012 - Broadridge Financial Solutions, Inc. (NYSE: BR) and Pitney Bowes Inc. (NYSE: PBI) announced today that Morgan Stanley Wealth Management and UBS Financial Services have each indicated their support for the Volly secure digital delivery system from Pitney Bowes.
These financial services firms plan on utilizing the Broadridge FluentSM service, which enables communication through the channels of their customers’ choosing and also facilitates the distribution of communications through the Volly service. Within this platform, Broadridge has developed services and applications that build upon the core Volly platform to deliver an enhanced communications experience. The Broadridge Fluent service addresses additional requirements required by the financial services industry, including preference and consent management, content and compliance management, insight analytics, and audit tracking.
Using the Volly secure digital delivery service, consumers will be able to receive, view, organize, manage, pay and store bills, statements and other content from the companies with which they do business. The Volly service consolidates information from multiple providers, reducing the consumer’s need to visit multiple websites. The Volly service is free to consumers and provides companies the opportunity to dramatically reduce their costs while increasing consumer engagement with their brands.
The Volly secure digital delivery service was announced to mailers in the United States in early 2011. Since then, more than fifty large mailers in the U.S. have signed up to offer the service, representing thousands of consumer brands and billions of pieces of mail. Australia Post has also selected the Volly system as the technology platform for its digital mailbox service.
Doug DeSchutter, President, U. S. Regulatory and Digital Communications, Broadridge, said, “Our clients recognize that there are more ways than ever to communicate with their customers, and they are pursuing innovative, technology-driven solutions to efficiently and effectively enhance their customer relationships. The Broadridge Fluent service enables financial services firms to provide choice to their customer in terms of how and where to receive information, while simultaneously allowing these firms to control the experience and branding through a secure platform specifically designed for the financial services industry.”
Chuck Cordray, President of Pitney Bowes Volly, echoed this sentiment: “We are very pleased to see that these large, prestigious financial services firms recognize the value of the Pitney Bowes and Broadridge collaboration. The unique assets that we bring to the financial services industry will accelerate consumer adoption of digital delivery for even the most sensitive financial documents. We look forward to launching Volly to consumers and including the important digital content these blue-chip companies provide to their clients.”
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America, processes more than $4.5 trillion in fixed income and equity trades per day, and saves companies billions annually through its technology solutions.
For more information about Broadridge, please visit www.broadridge.com.
About Pitney Bowes
Delivering more than 90 years of invention, Pitney Bowes provides business communications software, mailing systems and services that integrate physical and digital communications channels. Long known for making its customers more productive, Pitney Bowes is increasingly helping other companies grow their business through advanced customer communications management. Pitney Bowes is a $5.3 billion company with 29,000 employees worldwide.
Pitney Bowes: Every connection is a new opportunity™. www.pb.com