Legendary Financial Printer Expands Into Digital Print

Posted on November 15, 2018 by mailomg in Memo 324, Uncategorized // 0 Comments

Fitch Group Targets 20 Percent Growth with Two New Xerox Iridesse Production Presses

NEW YORK, NY — After serving Wall Street for 132 years and embracing digital printing after losing its facility in the Sept. 11, 2001 attacks, Fitch Group is reinventing itself yet again. The Manhattan-based printer recently acquired two Xerox Iridesse Production Presses, giving it the high-quality color output and digital embellishment capabilities it needs to enter new markets and pursue 20 percent annual growth targets.

“When we saw the Iridesse, we knew it was the perfect fit for our operation – so much so that we purchased two,” said William B. Contessa, who acquired the company in January this year, along with partners John Fitch IV, the great-great-grandson of the company’s founder, and a European investment company.

About 80 percent of the Fitch Group’s business is with financial firms, processing sensitive financial data to produce Securities Exchange Commission filings, prospectuses and various financial reports and documents – much of it as monochrome output … (click to read more)

NY MAIL CARRIERS INDICTED ON CREDIT CARD THEFT SCHEME

This holiday season, we know that identity thieves will be targeting not just our inboxes, but our mailboxes,” said District Attorney Vance. “So, we’re putting scammers on notice: the Manhattan D.A.’s Office has the expertise, resources, and partnerships in cybercrime and identity theft to find you and hold you accountable. We will continue to work hand-in-hand with the U.S. Postal Inspection Service and the NYPD to stamp out fraud and protect the integrity of a service relied upon by millions of New Yorkers." [...]
WAPO: USPS SECRETLY TESTED SMART PHONE VOTING SYSTEM

The U.S. Postal Service pursued a project to build and secretly test a blockchain-based mobile phone voting system before the 2020 election, experimenting with a technology that the government’s own cybersecurity agency says can’t be trusted to securely handle ballots. [...]
Postal Network Running Smoothly Into Holiday’s Busiest Week

The United States Postal Service reported new service delivery performance metrics showing stable service performance for First-Class Mail, Marketing Mail and Periodicals through the first nine weeks of the fiscal first quarter. [...]
USPS Delays Nonstandard Fees Until April

The United States Postal Service hereby gives notice of delayed implementation of the classification changes for the new Nonstandard Fees and Dimension Noncompliance Fee. Specifically, the Postal Service will delay implementation of those fees until April 3, 2022. [...]
Postal Steward eVS Solution: Bundling Tracking and Documentation

Take advantage of USPS's Electronic Verification System (eVS) with Eii's Postal Steward eVS Solution. This is a fully integrated system for creating and submitting eVS mailings to the USPS's PostalOne! for greater ease of control over paying for and documenting your high-volume mailings. [...]
How to Select an Address Autocomplete Tool

Imagine the customer’s plight at having to type it on your order form! Thankfully most city and street names have fewer characters but the spellings can still be quite confusing. Making a spelling mistake when entering addresses is not just frustrating for customers who may get their orders late but also bad for your database. [...]
Mailing/Storage Tubes From Alliance

Alliance Rubber offers more than just rubber bands. Its Mailing/Storage Tubes are designed for anything that can be rolled in a commercial grade .050" wall thickness [...]
USPS January 2022 Release Changes FAQs

The USPS released Important information about upcoming January 2022 Release changes … (click to [...]
Kubayanda Resumes Role as PRC Chairman

The Postal Regulatory Commission announced today that Michael M. Kubayanda has returned to the agency as chairman. After being re-nominated by President Joseph R. Biden and unanimously confirmed by the U.S. Senate, Chairman Kubayanda was sworn back into office today, December 9, 2021, to serve a term through November 22, 2026. [...]
PAPER OUTLOOK DISMAL GOING INTO 2022

Supply chain disruptions, transportation network challenges and various reasons for downtime at mills added stress to the already limited paper market. Coated freesheet inventories were low to begin with and haven’t been able to keep up with further shortages caused by plants going offline. [...]
Amazon To Surpass UPS, FedEx As Largest In 2022

From CNBC: Dave Clark, Amazon’s CEO of worldwide consumer, told CNBC on Monday that the company is on track to become the nation’s largest delivery service by the end of [...]
AWS Outage Hits Amazon Deliveries

From Detroit News: An Amazon Web Services outage is wreaking havoc on the e-commerce giant’s delivery operation, preventing drivers from getting routes or packages and [...]
MARK YOUR CALENDAR: MAILCOM ’22 March 28-30 Tropicana Atlantic City

MAILCOM returns from its COVID hiatus with the MAILCOM 2022 Annual Spring Convention, March 28-30 at the Tropicana in Atlantic City. Updates and registration information can [...]
Polaris Direct Installs Second Digital Press, Two Bowe Inserters To Meet Demand

Polaris Direct has installed a second Truepress Jet520ZZ and two Bowe Systec Fusion Cross inserters to handle the growing demand for Roll-Fed Digital Inkjet technology. Pictured is the Polaris Direct team with the new Truepress. [...]
BlueCrest Buys Fluence Automation

BlueCrest, the former Pitney Bowes DMT, has acquired Fluence Automation, formerly the sortation business of Bell and Howell. Fluence will become part of BlueCrest, and in the short-term will be referred to as Fluence Automation, A BlueCrest Company. [...]