Regulus Takes Leadership Position to Protect Postage Discounts for
First-Class Mail Customers
Regulus serving active role on Major
Mailers Association's Rate Committee preparing testimony for U.S. postal rate
case
Napa, CA, - September 25, 2006 - Regulus, the nation's largest
independent provider of bill presentment and payment processing solutions,
announced today that, as a member of the Major Mailers Association's (MMA) Rate
Committee, the company is taking a leadership role to provide the Postal Rate
Commission (PRC) with important data to impact the outcome of the U.S. Postal
Service's current rate case. The information, which is being supplied as
testimony to the PRC, quantifies the efforts made by large First-Class mailers
such as Regulus to provide preliminary address cleansing and electronic sorting
that speeds up mail processing and decreases required handling by the USPS.
The proposed postal rate case, subject to approval by the PRC, involves
rate increases and certain rate structure changes. Regulus and the MMA support
the rate structure change, which would offer a discount for workshared mail as
compared to single-piece mail. Workshare refers to preparatory work done by
mailers to streamline the postal process and reduce handling costs. Regulus and
the MMA support differentiating workshared from single-piece mail because it
more precisely reflects the cost savings generated by workshare mailers.
“Regulus is working to ensure the use of delinking and actively resist
opposition to the plan,” said Todd Haycock, Business Line Manager at Regulus and
Vice President of the Major Mailers Association. “Our customers are some of the
largest First-Class mailers in the country. They rely on Regulus to keep them
informed of potential changes in postal regulations and represent their
interests concerning postal rates.”
According to Haycock, Regulus keenly
understands that changes in postal rates and rate structures can have a
significant impact on its customers, and the company is committed to
representing their interests in its leadership capacity in the MMA.
Among Regulus' customers are industry bellwethers in the utility,
telecom, healthcare, consumer credit, and insurance sectors. With the volume of
transactions Regulus handles for these customers, the company is one of the
largest First-Class mailers in the country, according to U.S. Postal Service
reports.
Haycock emphasized that major First-Class mailers such as
Regulus have to earn workshare discounts for their customers.
“We are
absolutely committed to delivering each of our First-Class mail customers the
lowest possible postage rates,” he commented. “We clean their mailing lists with
leading-edge software, provide detailed bar-coding and electronic up-front
sortation, and mail at the lowest rates possible. This investment up-front in
the mailing process results in reduced processing time, faster mail delivery and
a much lower rate of undeliverables.”
Regardless of the final outcome of
the postal rate case, Regulus is well positioned to respond quickly to any
changes approved by the PRC. “We know that many organizations find it
challenging to react quickly to postal rules changes, particularly those that
are complex. Regulus' size, experience, and efficient infrastructure enable the
company to outperform others in responsiveness and accuracy,” added Haycock.
The outcome of the postal rate case is scheduled for implementation in
spring 2007.
ABOUT
REGULUS
Headquartered in Napa, California, Regulus
(www.regulusgroup.com) is the leading U.S. outsourcer and integrated provider of
bill presentment and payment processing; servicing nearly 2 billion paper and
electronic items annually for Fortune 500 customers. Regulus provides an
end-to-end solution covering every aspect of a transaction from the point when a
corporation releases a billing file for invoicing to the posting of the
associated paper or electronic payment, and thereafter in the support of
customer care and collections. By exploiting the data from the total
transaction, Regulus offers unique, value added services that provide measurable
results with a positive impact across the payment cycle.