New Internet Postage Solution Allows Customers to Print Shipping Labels and
                        Pay for Postage Through PayPal

STAMFORD, Conn., March 9 /PRNewswire-FirstCall/ -- Pitney Bowes Inc. (NYSE: PBI) today announced that eBay, The World's Online Marketplace, selected Pitney Bowes as the technology provider for a completely browser-based online postage solution that gives both eBay.com and PayPal customers quick and easy access to shipping services. Available today, the new online postage solution simplifies the process of calculating and paying for postage and accessing shipping services offered by the U.S. Postal Service (USPS).

"We are very pleased to team up with eBay to deliver the world's first completely browser-based Internet postage application," said Neil Metviner, President, Pitney Bowes Direct, which serves the small business marketplace. "Our application represents the next generation of Internet postage technology. It is designed to deliver maximum customer convenience and postal revenue security. This solution is another step in our strategy to deliver innovative mailing solutions to an expanded customer set, including consumers and small businesses."

The new solution, which is based on Pitney Bowes' Internet postage technology, enables customers to select a shipping option, print the shipping label and pay for the postage via their PayPal account. This new streamlined process eliminates the need to download software, provide unique registration and pre-fund a postage account. Once the label is purchased, both the buyer and seller will be able to track the delivery status of the package online.

"Now, without leaving the eBay or PayPal sites, our customers can simply purchase postage online and print shipping labels from their computer," said Gary Dillabough, vice president of eBay Strategic Partnerships. "The technology provided by Pitney Bowes is an integral part of eBay's Online Postage solution, allowing us to make shipping more integrated, fast and reliable for eBay buyers and sellers."

For more information or to access the new online postage page on eBay, visit http://pages.ebay.com/usps.

About Pitney Bowes

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $4.6 billion company helps organizations of all sizes engineer the flow of communication to reduce costs, increase effectiveness and enhance customer relationships. Pitney Bowes pioneered Internet Postage technology as early as 1985 and commercialized this effort with its ClickStamp(R) Online offering in 1999. 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. Pitney Bowes' new Internet postage solution for eBay positions the company to become the world's leading provider of Internet postage. With approximately 33,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations.

About eBay

eBay is The World's Online Marketplace(R). Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay. eBay enables trade on a local, national and international basis with customized sites in markets around the world. Through an array of services, such as its payment solution provider PayPal, eBay is enabling global e-commerce for an ever- growing online community.

About PayPal

PayPal, an eBay Company, enables any individual or business with an email address to securely, easily and quickly send and receive payments online. PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution. Founded in 1998, PayPal has more than 40 million accounts and is available to users in 38 countries around the world. More information about the company can be found at https://www.paypal.com/.

     Media Contacts: Jennifer Caukin   Amanda Pires       Dan Burris
                     eBay              PayPal             Pitney Bowes
                     (408) 376-7432    (408) 967-1005     (203) 351-6477
                     jcaukin@ebay.com  apires@paypal.com  daniel.burris@pb.com


SOURCE  Pitney Bowes Inc.
    -0-                             03/09/2004
    /CONTACT:  Jennifer Caukin of eBay, +1-408-376-7432, jcaukin@ebay.com; or
Amanda Pires of PayPal, +1-408-967-1005, apires@paypal.com; or Dan Burris of
Pitney Bowes, +1-203-351-6477, daniel.burris@pb.com /
    /Web site:  http://www.pitneybowes.com
                https://www.paypal.com
                http://pages.ebay.com/usps /
    (PBI)

CO:  Pitney Bowes Inc.
ST:  Connecticut
IN:  CPR MLM ECM STW
SU:  PDT

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1126 03/09/2004 06:30 EST http://www.prnewswire.com