Österreichische Post Explained

Österreichische Post AG
Type:Aktiengesellschaft
Foundation:1999
Location:Vienna, Austria
Key People:Georg Pölzl
(CEO)
Elisabeth Stadler
(chairwoman of the supervisory board)
Industry:Logistics
Products:Express, package and mail delivery services
Revenue:1.939 billion (2017)
Net Income:€165 million (2017)
Assets:€1.674 billion (2017)
Equity:€698 million (2017)
Num Employees:20,500 (2017)

Österreichische Post is the company responsible for postal service in Austria. This company was established in 1999 after its split-off from the mail corporate division of the former state-owned PTT agency Post- und Telegraphenverwaltung (de; PTV). It is listed on the Vienna Stock Exchange.

History

The first standardised postal service was set up between Innsbruck and Mechelen, Belgium in 1490.[1] By 1563 an extensive system of mail routes existed connecting Vienna with cities in Belgium, France, Italy, Spain and Portugal. In 1722 In Emperor Charles VI made the postal service a government monopoly[2] and by the mid-18th century passenger carrying mail coach service began.

During the 1800s letter boxes, money orders, cash-on-delivery services were introduced[2] and a pneumatic mail system was set up in Vienna in 1875.[1]

The first regular international airmail[3] route between Vienna, Kraków and Lviv was established on March 31, 1918, and terminated on October 15. Three definitive stamps were overprinted "FLUGPOST" for this flight and showed that a regular airmail delivery was feasible even during wartime.[4] [5] Many philatelists consider this regular post delivery with aeroplanes to be the actual start of airmail history.

Postal codes were introduced nationwide in 1966.[1]

Philately

Though not in general use until 80 years later, the first postmarks were introduced in 1787 by Georg Khumer, a postmaster in Friesach[2] identifying time and place of use, and Austria's first postage stamps were issued in 1850.[1]

Services

Since 1986 Österreichische Post started Express mail services[1] and is an EMS Cooperative contracted delivery agent within the UPU.[6]

In April 2020, Österreichische Post launched bank99, a credit institution that offers online services as well as personal customer support at around 1,800 service points throughout Austria. Österreichische Post owns 80% of the bank's shares, while a 20% stake is held by CAPITAL BANK – GRAWE GRUPPE AG. Post offices and postal service partners serve as distribution channels, which allows bank99 to potentially provide financial services for 99% percent of the Austrian population, closing supply gaps in rural areas.[7]

Bank99 offers checking accounts for private customers, services for national and international financial transactions, and credit cards. Secure international money transfers are carried out in partnership with Ria Money transfer.[8] The company has positioned itself in opposition to direct banks, offering personal services through a network of physical locations.[9]

Controversy

In 2019, Austria's data protection authority imposed a fine of 18 million euros ($20 million) on Österreichische Post for illegally using customers’ data, such as ages and addresses, to calculate a probability of which political party they might support and sell its findings.[10]

See also

External links

Notes and References

  1. Web site: Corporate history . Österreichische Post . 2019-04-14 .
  2. Web site: History . Österreichische Post . German . 2019-04-14 .
  3. News: FOCUS ON PHILATELY: The world's first international, and regular, airmail service (PART I) (12/03/00) . The Ukrainian Weekly . 2000-12-03 . 2019-04-14 . Kuzych . Ingert .
  4. Book: Holmes, Donald D. . Svatos, Ladislav . Air mail, an illustrated history, 1793-1981 . 1981 . Clarkson N. Potter . New York . 0-517-54146-7 . 80–81 . registration .
  5. News: Landmarks of airmail history: who's on first? . . 2001-02-10 . 2019-04-14 . Refresher Course . Miller . Rick .
  6. Web site: Worldwide EMS Operators . . 2015-01-23 .
  7. Web site: Neue Post-Bank nennt sich "bank99". red. wien ORF at/Agenturen. 2020-01-23. wien.ORF.at. de. 2020-05-19.
  8. Web site: Ria Money Transfer joins Austrian Post's network with bank99 partnership 18.02.20. finanzen.at. 2020-05-19.
  9. Web site: bank99: Post startet am 1. April mit eigener neuer Bank in Filialen. 2020-01-23. der brutkasten. de. 2020-05-19.
  10. Kirsti Knolle (October 29, 2019), Data privacy fine to hit Austrian Post's 2019 profit Reuters.