USPS spends more than half million to decide future of stamps, gets into electronic encryption business
The Postal Service plans to pay more than half a million dollars to find out the future of the postage stamp, a Sept. 22 Federal Times article says.
USPS will pay BrainReserve, a consulting agency run by Faith Popcorn, $566,000 to devise strategies to slow the decline in stamp use and to reinvent stamp relevance to promote growth, the article says.
Popcorn, the company's CEO, is billing USPS at $836 an hour and fees for other BrainReserve staff range from $91 to $334 per hour, the article says.
The Postal Service also applied for a trademark for email encryption services.
The trademark, filed Sept. 6, says the service would consist of tamper-detection capabilities for safeguarding electronic documents, audio and videos.
USPS also decided to reissue its most famous blunder. The Postal Service will reproduce a $2 version of the 1918 24 cent Curtiss Jenny inverted airmail stamp, a Sept. 22 USPS statement says.
Due to a printing error in the original run, the biplane depicted on the 24-cent Curtiss Jenny airmail stamp was upside down. A sheet of 100 stamps bearing this error was sold to the public in 1918. One stamp sold at auction in 2007 for $977,500, the statement says.
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