Pitney Bowes (NYSE: PBI) today announced that it has selected technology from the ProfitStars division of Jack Henry & Associates, Inc. to use with its Volly secure digital delivery service.
This enables new one-click bill payments for consumers when Vollylaunches to consumers later this year.
The agreement means that consumers will enjoy the ease, simplicity and security of digital bill payments to the companies they do business with directly through the Volly service. Under the terms of the deal, consumers will be able to pay these by authorizing Automated Clearing House (ACH) payments from their bank, or by credit card in instances where the biller accepts credit cards. This is a critically important capability that is expected to accelerate adoption of the Volly service after it is launched.
"Online bill payment is now an everyday fact of life for tens of millions of consumers in the U.S.," said Chuck Cordray, president of Volly. "Integrating this feature into the Volly service right up front will make it an appealing alternative to the current, fragmented process most people use to receive, store and pay their bills."
Jack Henry & Associates, Inc. was founded in 1976 as a provider of core information processing solutions for community banks. Today, the company's extensive array of products and services are processing transactions, automating business processes, and managing mission-critical information for more than 11,900 financial institutions and corporate entities.
According to David Foss, president of ProfitStars, "This strategic partnership with Pitney Bowes provides the opportunity to leverage our proven payments platform with the innovative Volly digital mail communications service to provide consumers with a next-generation e-commerce offering. We are excited about being an integral component of Volly and the opportunity to expand our presence and potential in the electronic payments industry."
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 they do business with. The Volly service consolidates this information from multiple providers, reducing the consumer's need to visit multiple websites or send physical checks through the mail.
Since it was introduced to the mailing industry in 2011, Volly has been adopted by more than 40 large mailers representing more than 5,000 companies and consumer brands, and more than five billion bills per year