Pitney Bowes, Inc. - PBI- Profile

Pitney Bowes Credit Corporation. The Group's principal activity is to provide lease financing for PBI products as well as other financial services to the capital services markets in the United States. The Group is a wholly owned subsidiary of Pitney Bowes Inc (PBI). The Group operates in two business segments: Internal Financing provides marketing support to PBI and includes financing of mailing, paper handling and shipping equipment and scales. It also includes convenient financing alternatives for the purchase of postage and other services targeted toward the small business owner. The Capital Services segment primarily provides large-ticket financing and fee-based programs covering a broad range of products and other financial services. It also includes the strategic financing of equipment for postal authorities around the world. Internal Financing accounted for 70% of 2001 revenues and Capital services, 30%. Provides lease financing as well as other financial services to the capital service markets