Pitney Bowes and Intuit to Join Forces to 
Offer Expanded Online  Bill Paying Options
Pitney Bowes Business Customers to Let Consumers View and
Pay Bills Online at the Quicken.com Web Site and
Via Quicken^® Financial Management Software 

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 Delivery^TM (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.