STAMFORD, Conn.–(BUSINESS WIRE)–Pitney Bowes Inc. (NYSE: PBI), a global shipping and mail company providing technology, logistics and financial services, today announced the launch of a transformative, best-in-class banking platform in 2022. Powered by Fiserv, a global leader in payments and financial services technology, the modern platform provides the foundation for Pitney Bowes Bank to grow and expand its offering to small and medium-sized businesses. It will improve efficiency, provide stability and enable the company to continue offering payment solutions that grow with customers’ needs.
For Pitney Bowes, the new Fiserv platform is the latest in a series of strategic investments to generate future growth and provide best-in-class service to its 750,000 customers around the world. The banking platform will allow Pitney Bowes to compete at the highest level and build on its extensive experience in providing industry-leading ship finance solutions to small and medium-sized businesses.
“More than ever, small and medium-sized businesses need a partner investing on their behalf to deliver value, reliability and consistently high levels of performance. This exciting investment demonstrates our deep and ongoing commitment to Main Street – a commitment that has been 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 a Pitney Bowes board member Bank. “The new core platform will enable us to improve our own internal processes and systems and to develop agile, innovative financial solutions to support the growth of our clients.”
“A combination of technology and trusted relationships is key to the long-term success of small businesses, and we’re proud to partner with Pitney Bowes Bank as they improve and expand their offering to deliver a great experience and their customers 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, Pitney Bowes Bank – a subsidiary of Pitney Bowes Financial Services – has provided tailored financial solutions to help small and medium-sized businesses grow and thrive. These solutions currently include equipment financing, working capital and payments. Investing in the Fiserv platform will allow Pitney Bowes to enhance and expand these solutions.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global shipping and mail company that provides technology, logistics and financial services to more than 90 percent of the Fortune 500 companies. Small businesses, retailers and government customers around the world rely on Pitney Bowes to reduce the complexity of mailing and packages. For more information, visit Pitney Bowes at www.pitneybowes.com.
Pitney Bowes Bank, Inc. is a subsidiary of Pitney Bowes Financial Services, which is a subsidiary of Pitney Bowes, Inc. The bank has been a fully chartered industrial bank headquartered in Salt Lake City, Utah, and is a member of the FDIC for more than 23 years. The bank has a nationwide lending and deposit presence.