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.