Pitney Bowes Chooses TSYS to Process Its Global Payment and Credit Accounts
Columbus, Ga., Feb. 25, 2003 — TSYS, the world's largest corporate and commercial card processor, today announced it has entered into a seven-year agreement with Pitney Bowes (NYSE: PBI) to process the company’s more than 1.5 million postage payment and credit accounts in the United States, the United Kingdom and Canada. Conversion of these accounts to the TSYS platform will be completed in two phases in 2003 and 2004.
"TSYS is delighted to build on its relationship with Pitney Bowes, the world leader in integrated mail and document management solutions, by offering best-in-class processing for their postage payment and credit accounts. With the flexibility of TS2, we can support the roll out of new Pitney Bowes financial service products quickly and efficiently, while also providing a solution that helps enhance their customer relationships," said Philip W. Tomlinson, TSYS president.
With its globally renowned TS2® commercial card processing system, TSYS can process in multiple languages and currencies on one platform. TSYS also provides corporate customers with a consolidated invoice for multiple products and services. With an 86 percent share of the U.S. Visa and MasterCard commercial card market, TSYS processes more corporate and commercial cards than any other processor.
"As we launch new payment products worldwide, we need a strategic partner with the technology to efficiently process our accounts," said Pitney Bowes Global Payment Services President, Lisa DeBois. "TSYS' superior capabilities and best-in-class processing provide us the flexible platform we need to expand our global offerings."
Pitney Bowes Global Payment Solutions (GPS) is a leading financial services provider for metered and permit mail, overnight carriers, office supplies and other business related expenses in the US, UK and Canada. GPS provides solutions that simplify customer payment processes while delivering key information to help customers better manage business-critical expenses and reduce payment processing costs. GPS serves over 1.2 million customers and processes over $14 billion in payments annually.
For more than fourteen years, TSYS has been a Pitney Bowes client, using its leading-edge mail-inserting equipment to help TSYS become the largest first-class mailer in the Southeast.
About Pitney Bowes
Pitney Bowes is the world’s leading provider of integrated mail and document management systems, services and solutions. The $4.4 billion company helps organizations of all sizes engineer the flow of communication to reduce costs and increase impact, and enhance customer relationships. The company’s 80-plus years of technological leadership has produced every major innovation 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. With approximately 33,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information on the company is available at www.pb.com.
About TSYS
TSYS (NYSE: TSS) (www.tsys.com) brings integrity and innovation to the world of electronic payment services as the integral link between buyers and sellers in this rapidly evolving universe. Synovus (NYSE: SNV) owns an 81-percent interest in TSYS. For more information, contact news@tsys.com.
Contacts
Danita Gibson-Lloyd
TSYS Media Relations
706.649.5578
dglloyd@tsys.com
Leo S. Berard
TSYS Investor Relations
706.649.5220
leoberard@tsys.com
Daniel Burris
Pitney Bowes
203.351.6477
daniel.burris@pb.com