STAMFORD, Conn., June 21, 2012 - Pitney Bowes Inc. (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 Volly™ launches 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. For more information about Volly™, please visit www.volly.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Its technology solutions serve more than 11,900 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking™ supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar™ is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. iPay Technologies™ operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. Additional information is available at www.jackhenry.com.
About Pitney Bowes
Delivering more than 90 years of innovation, Pitney Bowes provides software, hardware and services that integrate physical and digital communications channels. Long known for making its customers more productive, Pitney Bowes is increasingly helping other companies grow their business through advanced customer communication management. Pitney Bowes is a $5.3 billion company and employs 29,000 worldwide. Pitney Bowes: Every connection is a new opportunity™ www.pb.com.