--- begin forwarded text From: Somebody To: <[EMAIL PROTECTED]> Subject: FW: Pitney Bowes Taps Cybercash for Electronic Payments Date: Thu, 12 Nov 1998 10:59:50 -0500 MIME-Version: 1.0 X-Priority: 3 (Normal) X-MSMail-Priority: Normal Importance: Normal forward as you wish, **without** my name please. > Pitney Bowes Taps Cybercash for Electronic Payments > > American Banker / November 12, 1998 : Pitney > Bowes Inc., which provides mailing equipment and > software to 2,000 top billing organizations, is > planning for the day when more mail will be delivered > electronically. > > The company said Tuesday that it will incorporate > Cybercash Inc.'s Internet payment services into its > Digital Document Delivery, or D3, bill presentment > and payment system. > > D3 lets billers deliver bills and statements to > consumers through a Web site. Pitney Bowes said it > is successfully piloting D3 with United Illuminating > Co. of New Haven, Conn. Working with Cybercash, > Pitney Bowes will enable payments of bills > presented on Web sites, via e-mail, at portal sites on > the Internet, or at third-party bill concentrators, using > Cybercash's electronic check or credit card service. > > "Both statement rendering and remittance > processing can be managed in one integrated > system for a truly end-to-end solution," said John F. > Kwant, director of business development for > Stamford, Conn.-based Pitney Bowes. > > "The wholesale bank is the big winner," said Richard > Crone, vice president of Cybercash. "Billers enroll > consumers and the wholesale bank processes the > payments. > > "The key for the wholesale bank is when the > statement goes to all channels and the payment > comes back to the biller's bank," he said. "We're the > armored car for delivering the payment to the > wholesale bank." > <the rest snipped. Fair use, and all that...> --- end forwarded text ----------------- Robert A. Hettinga <mailto: [EMAIL PROTECTED]> Philodox Financial Technology Evangelism <http://www.philodox.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
