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3. Online Payment Services:
Extending Traditional Value in Today's Marketplace
During 2001, the Postal Service continued its effort to explore new and better ways to extend and enhance the Postal Service's traditional products by leveraging today's quickly evolving technology. In August, we expanded Online Payment Services, available through usps.com. Our customers can now not only pay all of their bills online through USPS eBillPay™, but also have the ability to send and receive person-to-person payments using USPS Send Money!™, and transfer funds directly between bank accounts. The USPS Electronic Postmark® (EPM) verification, which provides consumers with an official time and date stamp and an indication of tampering, was also integrated into all Online Payment Services transactions. The EPM is a unique feature not offered by any competitor, and it embodies the extra trust brought by the Postal Service. Pay@Delivery™ was also integrated into Online Payment Services. Pay@Delivery™ allows customers to purchase online auction items and have the service hold their payment until the delivery of the item is confirmed through the scanning of a Delivery Confirmation barcode on a Priority Mail package.
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