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U.S.
Bank & Pitney Bowes docSense Form Alliance
Alliance provides electronic
billing service to
bank's commercial customers
MINNEAPOLIS
(September 18, 2001) -- U.S. Bank, a leading financial
services company, announced today the launch of a business
to consumer e-billing strategic alliance with Pitney Bowes,
Inc., (NYSE: PBI), the leading provider of mail and document
management services. U.S. Bank will leverage Pitney Bowes'
Digital Document Delivery (D3TM) solution to offer its corporate
customers the ability to present bills and other documents
to their consumers and small business customers, receive payments
and provide customer service via the Internet.
Pitney
Bowes docSense's Digital Document Delivery (D3TM) solution
empowers companies to streamline billing, payment processing
and customer service. It is designed to effectively work with
existing print files and high volumes of data, making the
electronic billing system efficient and cost effective.
"This
electronic billing solution will allow our corporate billing
customers to reduce billing costs. On average, a traditional
bill can cost 60 cents to $1.50 per bill. An electronic bill
costs only 30 to 50 cents," said Jeff Jones, senior vice president
of treasury management for U.S. Bank. "We are pleased to expand
our treasury management services to our commercial billing
customers. Pitney Bowes docSense is a veteran e-billing vendor
and has outstanding technology in the digital document delivery
industry.
"We are
the biller's advocate in the fast-changing world of e-commerce,"
said Jessica Cheney, vice president and product manager for
U.S. Bank. "We understand the premium that businesses place
on customer relationships. Through this strategic partnership
with docSense, we simplify the billing process for them and
make sure it's secure, timely and accurate."
"We provide
a range of services to companies that want a coherent strategy
for transitioning from paper to web-based communications,
easily, successfully and without disruption to business operations,"
said Karl Schumacher, president of Pitney Bowes docSense.
"We're very proud that U.S. Bank selected Pitney Bowes docSense.
We look forward to working with U.S. Bank to build even stronger
relationships with their commercial customers."
About
Pitney Bowes and docsense:
Pitney
Bowes Inc. (NYSE: PBI) is a $4 billion global provider of
integrated mail, messaging and document management solutions
headquartered in Stamford, Connecticut. The company serves
over two million businesses of all sizes in more than 130
countries through dealer and direct operations. Pitney Bowes
docSense is the global premier solutions provider for the
creation and distribution of efficient and effective documents
in paper and digital form. For more information on docSense,
please visit www.docsense.com.
Minneapolis-based
U.S. Bancorp (NYSE: USB), with assets in excess of $165 billion,
is the 8th largest financial services holding company in the
United States. The company operates 2,282 banking offices
and 4,937 ATMs, and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions.
U.S. Bancorp is the parent company of Firstar Bank and U.S.
Bank. Visit U.S. Bancorp on the web at usbank.com
and Firstar Bank at firstar.com.
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