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Pitney Bowes, RetailExchange.com enter online escrow deal

Published on .

Stamford, Conn.--Pitney Bowes Inc. and RetailExchange.com Inc., a New York-based online liquidation hub, have entered an online escrow pact. Pitney Bowes Capital Services, Pitney Bowes' financial arm, will integrate online escrow services into RetailExchange.com's b-to-b marketplace, which deals in excess inventory. The deal illustrates how some non-financial companies-Pitney Bowes specializes in mail management systems-are entering the e-finance field.
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