Pitney Bowes Enables Transformation with New Banking Platform from Fiserv
February 02 2022 - 8:00AM
Business Wire
New core financial platform to be integrated
across business in 2022
Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing
company that provides technology, logistics, and financial
services, today announced the roll out of a transformational
best-in-class banking platform in 2022. The modern platform from
Fiserv, a leading global provider of payments and financial
services technology, creates the foundation for Pitney Bowes’ bank
to extend and expand its offerings to small and midsize businesses.
It will improve efficiency, provide stability and allow the Company
to continue to provide payment solutions that grow with the needs
of clients.
For Pitney Bowes, the new Fiserv platform is the latest in a
series of strategic investments to generate future growth and
deliver world-class service to its 750,000 clients across the
world. The banking platform will enable Pitney Bowes to compete at
the highest level, building on its extensive experience in
delivering industry-leading shipping finance solutions to small-
and medium-sized businesses.
“More than ever, small- and mid-market enterprises need a
partner that invests on their behalf to deliver value, reliability
and consistently high-performance levels. This exciting investment
evidences our deep and continued commitment to Main Street – a
commitment that has remained firmly at the heart of our business
for more than 100 years,” said Christopher Johnson, Senior Vice
President and President, Pitney Bowes Financial Services and Board
member of the Pitney Bowes Bank. “The new core platform will enable
us to improve our own internal processes and systems, and build
agile, innovative financial solutions to help our clients
grow.”
“A combination of technology and trusted relationships are key
to the long-term success of small businesses, and we’re proud to be
a partner to Pitney Bowes Bank as they enhance and expand their
offerings to deliver an excellent experience and enable their
clients to remain competitive in today’s changing business
environment,” said Todd Horvath, Head of Account Processing
Services at Fiserv.
For more than two and a half decades, the Pitney Bowes Bank - a
subsidiary of Pitney Bowes Financial Services – has delivered
customized financial solutions to help small- and mid-market firms
grow and thrive. These solutions currently include equipment
financing, working capital and payments. Investment in the Fiserv
platform will enable Pitney Bowes to enhance and extend these
solutions.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global shipping and mailing company
that provides technology, logistics, and financial services to more
than 90 percent of the Fortune 500. Small business, retail,
enterprise, and government clients around the world rely on Pitney
Bowes to remove the complexity of sending mail and parcels. For
additional information visit Pitney Bowes at
www.pitneybowes.com.
The Pitney Bowes Bank, Inc. is a subsidiary of Pitney Bowes
Financial Services, which in turn is a subsidiary of Pitney Bowes,
Inc. The bank is a fully chartered Industrial Bank located in Salt
Lake City, Utah for over 23 years and Member FDIC. The bank has a
nationwide lending and deposit footprint.
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version on businesswire.com: https://www.businesswire.com/news/home/20220202005141/en/
John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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