About Pitney Bowes

Pitney Bowes Inc. is a global shipping and mailing company that provides technology, logistics, and financial services to small and medium sized businesses, large enterprises, including more than 90 percent of the Fortune 500, retailers and government clients around the world. Business Segments Global Ecommerce Domestic parcel services offers retailers a parcel delivery and returns network for end consumers. The company operates numerous domestic parcel sortation centers connected by a nationwide transportation network, enabling it to pick up parcels from retailer distribution centers and move them through its physical network. The company also offers fulfillment services, providing pick, pack and ship services for clients through three fulfillment centers co-located within parcel sortation centers to facilitate same-day entry into its parcel delivery network. Cross-border services offers a range of services for the company’s clients to manage their international shopping and shipping experience. The company’s proprietary technology enables global tracking and logistics services; calculates duty, tax and shipping costs at checkout; enables multi-currency pricing, payment processing and fraud management; ensures compliance with product restrictions and produces all documentation requirements to meet export complexities and customs clearance. Digital delivery services enables clients to reduce transportation and logistics costs, select the best carrier based on need and cost, improve delivery times and track packages in real-time. Powered by the company’s shipping APIs, clients can purchase postage, print shipping labels and access shipping and tracking services from multiple carriers that can be easily integrated into any web application, such as online shopping carts or ecommerce sites and provide guaranteed delivery times and flexible payment options. Presort Services The company is the largest workshare partner of the USPS and national outsource provider of mail sortation services that allow clients to qualify large volumes of First-Class Mail, Marketing Mail and Marketing Mail Flats and Bound Printed Matter for postal workshare discounts. In 2023, the company processed over 15 billion pieces of mail through its network of operating centers throughout the United States. Using its fully-customized proprietary technology, the company provides clients with end-to-end solutions from pick up to delivery into the postal system network, expedited mail delivery and optimal postage savings. Sending Technology Solutions (SendTech Solutions) The company provides clients with physical and digital mailing and shipping technology solutions and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats. The company also offers supplies and maintenance services for these offerings. The company’s cloud enabled infrastructure provides software-as-a-service (SaaS) offerings delivered online and via connected or mobile devices. The company’s latest offerings are designed on an open platform architecture that have the capabilities to leverage partnerships with carriers, developers and other innovative companies to deliver value to its clients. The company offers financing alternatives that enable clients to finance equipment and product purchases. Through its wholly owned subsidiary, The Pitney Bowes Bank (the Bank), the company offers clients located in the United States a revolving credit solution for the purchase of postage, services and supplies and an interest-bearing deposit solution to clients who prepay postage. Additionally, the company offers financing alternatives that enable clients to finance or lease other manufacturers’ equipment and provides working capital. The company provides revolving credit solutions to clients in Canada and the U.K. that enable them to make meter rental payments and purchase postage, services and supplies. Seasonality A larger percentage of the company’s revenue is earned in the fourth quarter (year ended December 31, 2023) relative to the other quarters, driven primarily by higher shipping volumes during the holiday season. Sales and Services The company markets its products, solutions and services through a direct and inside sales force, global and regional partner channels, direct mailings and digital channels. The company provides call-center, online and on-site support services for its products and solutions. Support services are primarily provided under maintenance contracts. Regulatory Matters The bank is chartered as an Industrial Bank under the laws of the state of Utah. The bank and certain company affiliates that provide services to the bank are subject to the regulations of the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation. History Pitney Bowes Inc. was founded in 1920. The company was incorporated in the state of Delaware in 1920.