PitneyPay and docsense join forces to deliver
complete online billing and payment solutions
Aberdeen Group Cites Pitney Bowes' B-to-B Commerce Initiatives as
"One of the Premier Invoicing and Payment Solutions"

Stamford, CT, October 9, 2001 -- Pitney Bowes Inc. (NYSE: PBI) today announced a new partnership between two of its rapidly growing product suites: docSense, which offers electronic bill presentment and payment, and PitneyPay, a comprehensive Internet payment solution. By merging their respective technologies, PitneyPay and docSense are meeting increased market demand for end-to-end billing and payments solutions and working together to develop innovative eCommerce tools.

Founded in 1920, Pitney Bowes has become the leading global provider of mail and document management solutions, and has gained an unparalleled knowledge of bill creation and distribution. The company manages billions of dollars in postal payments on an annual basis, and has an established history of facilitating international payments and equipment leases. As a result, Pitney Bowes has become one of the worlds most established and trusted business-to-business intermediaries. By bridging company's invoicing experience and its financial services capabilities, Pitney Bowes has created a complete eBusiness service offering, making it one of the formidable players in the burgeoning online billing and payment space.

"Pitney Bowes' established history as a print service bureau, and an installed base of paper billers provides the firm with significant industry knowledge and recognition," said Andrei Arkhipov, financial technologies analyst, Aberdeen Group. " Pitney Bowes has gained the technology to be considered one of the premier invoicing and payment solutions providers in its targeted markets. Besides the technology edge, the firm's income statement and balance sheet make it a powerful Internet invoicing force, which many will find hard to reckon with."

The e-billing component of this partnership, Pitney Bowes docSense, serves the needs of large companies transitioning their current paper-based billing and statement processes to web-enabled delivery. The core bill presentment solution, Digital Document Delivery (D3), provides B-to-B and B-to-C payers with necessary tools to maintain workflow and access control, and allow for more efficient review and approval. D3 is offered to major billing organizations under a software license or as a hosted service.

Through the payment component, PitneyPay, users can respond to Electronic Bill Payment and Presentment (EBPP) or Electronic Invoice Payment and Presentment (EIPP) by sending or receiving -more- payments as an ACH Debited payment, escrow, or any combination of payment/escrow, to securely execute payments online. PitneyPay is capable of dispensing simultaneous payments to multiple vendors associated with the transaction through its web-based integrated payment routing system.

"Over the past year, we have been developing our transaction capabilities and now have one of the most secure and versatile online payment engines available," said Michael Ryan, Vice President PitneyPay. "By teaming up with docSense, we will expand the breadth of our offering to provide our customers with a more complete solution for their eBusiness transactions."

Working together, docSense and PitneyPay will support both divisions' customers to improve the levels of service provided. Both D3 and PitneyPay are XML-compatible and fully compliant with integration standards of most Internet players. Furthermore, D3 can support multiple languages, making it possible to conduct International commerce. The two support a broad spectrum of online transactions by businesses, consumers and governments will be able to attract new customers in multiple markets.

About Pitney Bowes
Pitney Bowes Inc. is a $4 billion global provider of integrated mail, messaging and document management solutions headquartered in Stamford, Connecticut. The company serves over 2 million businesses of all sizes through dealer and direct operations. Pitney Bowes Capital Services, through its PitneyB2Bcapital suite of products and services, is rapidly becoming a leading facilitator of online financial services. PitneyB2Bcapital offers real-time, secure transactions using innovative proprietary technology, providing buyers and sellers with the security of a trusted third party. Pitney Bowes docSense is the company's global provider of premier solutions for the creation and distribution of efficient and effective documents in paper and digital form For additional information about Pitney Bowes, please visit our Website at www.pitneybowes.com.

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