Regulus Among First to
Meet New Digital Postal Metering Standards
Largest Independent Provider of Bill Presentment and
Payment Processing Solutions Partners With Pitney Bowes to Improve Mail
Management
NAPA, CA -- (MARKET WIRE) -- February 20, 2007 --
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
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.