SOURCE: Regulus

September 25, 2006 10:00 ET

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 -- (MARKET WIRE) -- 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 to 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

Founded in 1995, Regulus is the largest independent payment processor in the United States, servicing nearly two billion paper and electronic transactions every year for Fortune 500 customers. Regulus delivers an end-to-end solution, starting from release of the customer's billing file for invoicing, through the posting of the associated paper or electronic payment, to support of customer care and collections. By leveraging data from the total payment cycle, Regulus is able to offer value-added services that provide measurable process efficiencies. The company is headquartered in Napa, California, and has offices nationwide. For more information, visit the company's web site at www.regulusgroup.com.

Contact Information