Pitney Bowes Inc. (Pitney Bowes), a technology-driven company, provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world - including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels.
Business Segments
Sending Technology Solutions (SendTech Solutions)
SendTech Solutions provides clients with physical and digital shipping...
Pitney Bowes Inc. (Pitney Bowes), a technology-driven company, provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world - including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels.
Business Segments
Sending Technology Solutions (SendTech Solutions)
SendTech Solutions provides clients with physical and digital shipping and mailing technology solutions, and other applications to help simplify and save on the sending, tracking, and receiving of letters, parcels, and flats, as well as supplies and maintenance services for these offerings. The company offers financing alternatives that enable clients to finance equipment and product purchases, a revolving credit solution that enables clients to make meter rental payments and purchase postage, services, and supplies, and an interest-bearing deposit solution to clients who prefer to prepay postage. The company also offers financing alternatives that enable clients to finance or lease other manufacturers’ equipment, and provide working capital.
Digital delivery services enable clients to reduce transportation and logistics costs, select the best carrier based on need and cost, improve delivery times, and track packages in real-time. Powered by the company’s shipping APIs, clients can purchase postage, print shipping labels, and access shipping and tracking services from multiple carriers that can be easily integrated into any web application, such as online shopping carts or ecommerce sites, and provide guaranteed delivery times, and flexible payment options.
Through the company’s wholly owned subsidiary, The Pitney Bowes Bank (the bank), the company offers clients located in the United States a revolving credit solution for the purchase of postage, services, and supplies; and an interest-bearing deposit solution to clients who prepay postage. Additionally, the company offers financing alternatives that enable clients to finance or lease other manufacturers’ equipment and provide working capital. The company provides revolving credit solutions to clients in Canada and the U.K. that enable them to make meter rental payments and purchase postage, services, and supplies.
Presort Services
The company is the largest workshare partner of the USPS and national outsource provider of mail sortation services that allow clients to qualify large volumes of First-Class Mail, Marketing Mail and Marketing Mail Flats/Bound Printed Matter for postal workshare discounts. Using its fully customized proprietary technology, the company provides clients with end-to-end solutions from pick up to delivery into the postal system network, expedited mail delivery, and optimal postage savings.
Sales and Services
The company markets its products, solutions, and services through a direct and inside sales force, global and regional partner channels, direct mailings, and digital channels. The company provides call-center, online, and on-site support services for its products and solutions. Support services are primarily provided under maintenance contracts.
Regulatory Matters
The company’s SendTech Solutions segment is subject to the regulations of postal authorities worldwide related to product specifications of its postage meters and the company is also subject to other various regulations as a U.S. government contractor. The company’s Presort Services operations are also subject to USPS regulations. The bank is chartered as an Industrial Bank under the laws of the state of Utah. The bank and certain company affiliates that provide services to the bank are subject to the regulations of the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation. The company is also subject to transportation regulations for various parts of its business, worldwide customs and trade regulations related to its cross-border shipping services and regulations concerning data privacy and security for its businesses that use, process and store certain personal, confidential or proprietary data.
History
Pitney Bowes Inc., formerly known as Pitney Bowes Postage Meter Company, was founded in 1920. The company was incorporated in the state of Delaware in 1920.