Regulus partners with Pitney Bowes to improve mail management
Regulus, the nation's largest independent provider of paper and electronic-based bill presentment and processing solutions, announced today its successful compliance with Phase III of the U.S. Postal Service's (USPS) Plan for Secure Postage Meter Technology. The new standards improve postage accounting capabilities for increased accuracy while strengthening postal security.
Regulus, which worked closely with Pitney Bowes on the digital postal metering project, is among the first outsource print vendors to meet the December 31, 2006 compliance deadline. The difficulty of meeting the more stringent compliance standard led the USPS to allow temporary exceptions for vendors unable to meet the established deadline.
"Regulus is proud to team with another industry leader in demonstrating its commitment to the highest levels of postal accounting and regulatory compliance," said Jason Gaskey, Regulus print operations director. "We have undertaken a major initiative to meet USPS standards on schedule and will continue to prioritize the crucial task of making our mail management systems more efficient and effective."
Regulus integrated Pitney Bowes' industry-proven DM Infinity Series Digital Mailing System and its DFWorks Postage Accounting Solution into its nationwide network of document processing facilities. Pitney Bowes' secure IBI-compliant technology is the most widely adopted digital metering standard in the industry.
"Accuracy and compliance have never been more critical than today," said Patrick Brand, President of Document Factory Solutions, a division of Pitney Bowes. "We share Regulus' commitment to protecting the integrity of its postal systems. Our solutions automate manual processes to increase productivity while increasing management capabilities and control."
The USPS' overhaul of its metering standards began in 1995 and will last through at least 2008. Phase I retired all mechanical meters, Phase II retired all manually reset meters and Phase III migrates letterpress meters to the enhanced security of digitally printing meters. Compliance with Phase III is the result of a recently completed multimillion-dollar initiative in which Regulus bolstered its existing advanced mail monitoring technologies to meet ever-increasing security and compliance requirements.
As part of the Phase III initiative, Regulus replaced more than 60 manually-adjusted meters across its nationwide network of facilities with Pitney Bowes' state-of-the-art digital meters that can be remotely monitored and reset via the Internet. Additionally, Regulus installed network feeds to all of its meters and reintegrated the upgraded system with the company's accounting system. These improvements allow Regulus to closely track metered and manifest mail in order to ensure the most accurate mail and postage tracking possible.
ABOUT PITNEY BOWES
Pitney Bowes provides the world's most comprehensive suite of mailstream software, hardware, services and solutions to help companies manage their flow of mail, documents and packages to improve communication. Pitney Bowes, with USD5.7 billion in annual revenue, takes an all-inclusive view of its customers' operations, helping organizations of all sizes enjoy the competitive advantage that comes from an optimized mailstream. The company's 86 years of technological leadership have produced many major mailstream innovations, and it is consistently on the Intellectual Property Owners Association's list of top U.S. patent holders. With approximately 34,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about the company can be found at (http://www.pb.com) http://www.pb.com.
ABOUT REGULUS
Founded in 1995, Regulus is the largest independent payment processor in the United States, servicing nearly two billion paper and electronic transactions every year for Fortune 500 customers. Regulus delivers an
end-to-end solution, starting from release of the customer's billing file for invoicing, through the posting of the associated paper or electronic payment, to support of customer care and collections. By leveraging data from the total payment cycle, Regulus is able to offer value-added services that provide measurable process efficiencies. The company is headquartered in Napa, California, and has offices nationwide. For more information, please visit the company's web site at (http://www.regulusgroup.com) http://www.regulusgroup.com.
