DANBURY,
CT (November 18, 1999)
-- Pitney Bowes Inc. (NYSE:PBI), the global leader
in mail and messaging management, and Intuit Inc.
(NASDAQ:INTU), a leader in e-finance, today announced
plans to allow Pitney Bowes business customers to
present bills and accept payments from consumers
at Intuit's popular Quicken.com web site and via
the firm's Quicken personal financial management
software.
"This
is a classic win/win for everyone," says Karl Schumacher,
Vice President and General Manager for Pitney Bowes'
Document Factory Solutions. "Billers utilizing Pitney
Bowes' innovative Digital Document DeliveryTM
(D3) technology will be able to offer customers
the choice of viewing statements and paying bills
at the biller's web site, at Intuit's popular Quicken.com
web site, or online via the Quicken personal financial
management software.
"Consumers
and small business owners benefit," Schumacher continues,
"because they can save time by viewing and paying
bills from utilities, retailers, credit card issuers
and others at the same time they are accessing the
many online financial services provided by Intuit."
"We
are continually adding enhancements to our Quicken.com
web site and our suite of software tools to provide
users with added value and more options," says Nancy
Tubbs, Director of Marketing at Intuit. "The addition
of the D3 capability means consumers will have an
expanding number of merchants, utilities and other
billers presenting bills on Quicken.com electronically,
and the added convenience of being able to pay those
bills from within the same site they use to manage
the rest of their financial lives.
The
Pitney Bowes D3 solution provides billers with "a
comprehensive platform for rendering, distributing,
tracking and processing bills through electronic
channels such as the Internet," says Schumacher.
"Our
D3 solution benefits mailers by lowering the cost
of distributing messages and statements, accelerating
delivery to near instantaneous status, expediting
receipt of payments, and enhancing the value of
messages by tailoring inserts to specific customer
profiles."
"Consumers
will also benefit because now they have the flexibility
in managing their payment stream. They still have
the option of making payments through paper bills,
but now can also choose the convenience of electronic
desktop payment and all of the benefits associated
with it."
Intuit
will offer electronic bill presentment and bill
payment services through Quicken and on Quicken.com
pursuant to a license agreement between Intuit Inc.
and a joint venture company in which Intuit is a
participant.
Pitney
Bowes Inc. is a $4.2 billion provider of informed
mail and message management. For more information
visit www.pitneybowes.com.
Analyst
Reports