Pitney Bowes Pivots To eCommerce

Finding technology and eCommerce to be a natural marriage, Pitney Bowes continues to expand from the former into the latter.

Yesterday (April 26), the company announced the launch of a cloud-based payments engine that integrates with third-party shipping and eCommerce platforms.

The payments processing aspect therein is part of a larger offering that, as explained in a company press release, aggregates all of a business’ shipping transactions into one consolidated, itemized invoice, as well as giving them control of their cash flow through credit terms, including the choice to pay now or later.

“For decades, Pitney Bowes clients have enjoyed the value and convenience of our payment solutions, including Purchase Power and Reserve Account, to manage and process billions of dollars in postage,” Ron Totaro, general manager of global financial services at Pitney Bowes, commented in the release. “We are excited to expand our payments capabilities to power new shipping and eCommerce offerings from Pitney Bowes and select partners. With the rapid rise in parcel shipping fueled by explosive growth in global eCommerce, our payments platform will deliver greater convenience and power innovative new solutions in the multi-billion dollar shipping payments marketplace.”

The payments engine, the press release goes on to state, has been deployed as part of Pitney Bowes’ SendPro multi-carrier office shipping solution, which gives businesses a consolidated view of their shipping transactions and options.

The company’s solutions are part of the Pitney Bowes Commerce Cloud, a commerce enabler that provides access to solutions, analytics and APIs and is designed to help clients manage a number of tasks, including identifying customers, locating opportunities, enabling communication, as well as managing shipping and the aforementioned payments.