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PitneyPay, docSense Join Forces
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Business New Haven
10/15/2001
By: BNH
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STAMFORD - Pitney Bowes Inc. (NYSE: PBI) announced a new partnership between two of its product suites: docSense, which offers electronic bill presentment and payment, and PitneyPay, an Internet payment solution. By merging technologies, the company hope that PitneyPay and docSense may meet rising market demand for end-to-end billing and payments solutions and work together to develop better e-commerce tools.
Through the payment component, PitneyPay, users can respond to Electronic Bill Payment and Presentment (EBPP) or Electronic Invoice Payment and Presentment (EIPP) by sending or receiving payments as an ACH Debited payment, escrow or combination of payment/escrow, to securely execute payments online. PitneyPay is capable of dispensing simultaneous payments to multiple vendors associated with the transaction through its Web-based integrated payment routing system.
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