Alliance to Enable One-Click Bill Payments in Secure Digital Mailbox
STAMFORD, Conn.--(BUSINESS WIRE)--Jun. 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.
Source: Pitney Bowes Inc.
Pitney Bowes Inc.
Matt Broder, 203-351-6347
Vice
President, External Communications
matthew.broder@pb.com
