CHICAGO--(BUSINESS WIRE)--April 7, 2003--

    -- PB Direct Small Business Customers Can Use Moneris Solutions
     To Economically Process Credit/Debit Transactions In Stores,
                Over the Phone, and via the Internet --

Moneris Solutions, one of North America's largest electronic transaction processors, today announced an agreement with Pitney Bowes (NYSE:PBI), the world's leading provider of integrated mail and document management solutions, to offer Moneris credit and debit card payment processing services to its qualified small business customers.

PB Direct, the Pitney Bowes business group that delivers complete mailing solutions to more than 700,000 U.S. small businesses, will offer to its customers Moneris Solutions' credit/debit card processing services.

Moneris Solutions will provide hardware, proprietary software and service/support that enable these small businesses to accept credit and debit cards in their stores, over the phone and through the Internet. The businesses can be equipped to accept all credit cards, including Visa(R), MasterCard(R), American Express(R), Diners(R), Discover/Novus(R) and JCB(R), or have existing equipment reprogrammed, typically within 24 hours.

"One of the greatest challenges facing a small business is finding a payment processing service that offers a flexible range of capabilities at a simple and affordable price. This new relationship provides an innovative solution from two companies dedicated to serving small businesses," explains Larry C. Wine, president of Moneris Solutions, U.S. Group. "In addition, this agreement exemplifies Moneris Solutions' ongoing commitment to fulfilling the transaction processing needs of distinct market segments, such as small to medium size businesses, that are underserved by the larger credit/debit processing companies."

"PB Direct is dedicated to delivering the most comprehensive range of solutions to our small business customers to help them engineer the flow of their communication to reduce costs and improve impact," said Neil Metviner, president of PB Direct. "Given the steady increase in credit and debit card usage, we are pleased to enter into this relationship with Moneris to allow them to offer card payment processing services to our small business customers to help our customers grow their business."

More information on the new payment processing solutions for small businesses can be found at a special website: www.monerispitney.com.

About Pitney Bowes

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $4.4 billion company helps organizations of all sizes engineer the flow of communication to reduce costs and increase impact, and enhance customer relationships. The company's 80-plus years of technological leadership has produced many major innovations in the mailing industry and more than 3,500 active patents with applications in a variety of markets, including printing, shipping, encryption, and financial services. With approximately 33,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. PB Direct, the small business group of Pitney Bowes, delivers complete mailing solutions including Internet postage, postage meters and scales for small businesses. For more information on PB Direct, visit www.pitneyworks.com.

About Moneris Solutions

Moneris Solutions (www.monerischargeit.com) has a 30-year history as one of North America's largest electronic transaction processors, delivering advanced payment card processing capabilities through point-of-sale hardware, payment processing software, e-commerce solutions and a gift and loyalty program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 330,000 North American merchant locations and has a staff of over 1,100 employees. U.S. headquarters are located outside of Chicago, IL.

    CONTACT: Moneris Solutions
             Marcie Cheney, 202/296-2002 x103
             mcheney@environics-usa.com
              or
             Pitney Bowes
             Dan Burris, 203/351-6477
             daniel.burris@pb.com

    SOURCE: Moneris Solutions