He also pointed to progress at Pitney Bowes Bank, debt reduction and the launch of the second phase of the company’s strategic review. Management defended its Mail Exchange program, which moves mail among Pitney Bowes facilities to achieve five-digit mail sorting discounts. Wolf said Pitney Bowes may have visibility into assets held at 3PL facilities that could support the lending process. About Pitney Bowes (NYSE:PBI)Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.