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Intuit

Welcome to the News View for "Intuit".

Here, on these archive pages, you'll find all of the articles on Payments News for Intuit listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 03, 2014

Headline News from PaymentsNews.com - April 3, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

March 20, 2014

Headline News from PaymentsNews.com - March 20, 2014

On the Web:

On the Wires:

  • American Express Expands Benefits for Platinum Card® Members - "These benefits include complimentary, unlimited access to Wi-Fi hotspots provided by Boingo Wireless, a global market leader in Wi-Fi, as well as an application fee statement credit option for the TSA Pre✓™ program."
  • Small Businesses Get Paid Faster With QuickBooks Payments - "As part of the expanding QuickBooks ecosystem of online products and services, QuickBooks Online users who also use QuickBooks Payments get their invoices paid on average two times faster than those who don’t. When these small businesses email their invoices and allow their customers to pay online, they significantly reduce the time it takes to receive payment."

Updates from Glenbrook:

January 30, 2014

Headline News from PaymentsNews.com - January 30, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

On the Web:

  • Amazon’s Ambition in Physical Retail May Go Way Beyond Payments - Re/code.net - "The goal is to make this new collection of tools and services as critical to brick-and-mortar shops as its Amazon Web Services offering has become to online businesses."
  • Apple introduces us to a Major Financial System Beyond iWallet - Patently Apple - "On January 30, 2014, the US Patent & Trademark Office published a major patent application from Apple that reveals a new financial Systems Integration System." Meeting the Needs of Non-Traditional Consumers and Achieving Scale with Mobile Contactless Payments in the U.S. - Federal Reserve Bank of Boston - Mobile Payments Industry Workgroup - "In November 2013, the Mobile Payments Industry Workgroup (MPIW) met with academia, government, non-profits, card networks, mobile wallet providers, transit authorities, issuing banks, and retailers to gain a better understanding of fundamental consumer mobile payment adoption issues by exploring how mobile financial services and payments can meet the needs of non-traditional consumers and what is needed to achieve scale in the U.S. mobile payments market. The findings in this paper are based on the discussions at this meeting and include panelists' views on mobile technology and financial access considerations for the underserved consumer, broader consumer market adoption for mobile retail payments, and the transformational role of mobile technology for financial services."
  • Visa CEO Doesn’t See Bitcoin As Business Threat - CoinDesk - "Visa CEO Charlie Scharf offered his opinion of bitcoin and other emerging virtual currencies on 30th January in a conference call discussing Visa’s first-quarter fiscal earnings."
  • Fred Wilson's 5 Predictions for the Future of Your Money - Inc. - "If you like the way Wilson makes bets with his venture-capital fund, Union Square Ventures, which has invested in Etsy, Tumblr, and Twitter, you might just like the way he thinks about the future of currencies."
  • Why Bitcoin is here to stay - ZDNet - "...the drivers are simply too powerful - crypto-currency is around to stay and the changes to our global economy because of it will be staggering. So take a reality pill and strap in."
  • Coinbase and Mint Announce First Bitcoin Personal Finance Integration - "This partnership marks a milestone in the ongoing evolution of bitcoin as Mint becomes the first personal finance and money management tool enabling users to view their bitcoin transactions."
  • PayPal Wants Role In Apple’s Mobile Payments Dreams - Re/code.net - "Three payments industry executives tell Re/code that eBay-owned PayPal has been pitching Apple on helping the consumer electronics maker bring its long-rumored payments initiative to fruition."
  • Ribbon Takes On Square Cash, PayPal & Others With A Peer-To-Peer Payments Service That Lets You Send Money For Free - TechCrunch - "The difference here, besides not yet being available in a native app format, is that Ribbon works with both debit and credit card users, and will allow you to send payments to others without first having a Ribbon account."
  • Mobile Payments, Electric Cars and the Keys to Driving Change - Re/code.net - "The shared issues between e-cars and smartphone payments boil down to cost of hardware (the phone, the car), infrastructure (networks and merchant acceptance, filling stations), but perhaps most importantly, the catalyst for changing human behavior."
  • GhIPSS Urges Banks to Issue Local Cards - Payments Afrika - "Ghana Interbank Payment and Settlement Systems (GhIPSS) has urged banks to issue more proprietary ‘local’ ATM cards to their customers. Historically most banks in Ghana would issue international cards..."

On the Wires:

Updates from Glenbrook:

November 05, 2013

Headline News from PaymentsNews.com - November 5, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami, Nov 4-7, 2013.
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the W.net Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

October 25, 2013

Headline News from PaymentsNews.com - October 25, 2013

On the web:

On the wires:

  • Coming Soon!

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami Nov 4-7, 2013.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

August 02, 2013

Headline News from PaymentsNews.com - August 2, 2013

On the web:

On the wires:

Updates from Glenbrook:

July 01, 2013

Headline News from PaymentsNews.com - July 1, 2013

On the web:

On the wires:

  • Intuit Announces Next Phase of Structural Moves; Organizational Foundation Now in Place - "The divestiture of Intuit Financial Services reflects Intuit’s strong commitment to intensify its focus on small business and consumer tax. As a result, the company signed a definitive agreement to sell IFS to Thoma Bravo for $1.025 billion, pending regulatory review."
  • Thoma Bravo to Acquire Intuit’s Financial Services Business - "Thoma Bravo’s acquisition of IFS is consistent with our strategy of buying great technology franchises with significant recurring revenue,” said Orlando Bravo, managing partner at Thoma Bravo."
  • TSYS Completes Acquisition of NetSpend - "This is a transformational day for everyone at TSYS and NetSpend, as this deal brings together two companies with a shared vision and purpose that focuses on meeting the needs of people. It also takes TSYS closer to the consumer than we have ever been before..."

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
  • Follow Glenbrook Partners on LinkedIn! -

May 20, 2013

Headline News - May 20, 2013

On Twitter:

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 09, 2013

April 02, 2013

Swizznet to Offer Hosted QuickBooks POS in a Multi-Lane Environment

Swizznet logo 140x60pxSwizznet announced it is expanding its offerings by to offer cloud-hosted QuickBooks Point of Sale 2013 for both single- and multi-lane environments.

The multi-lane capability allows retailers with more than one cash register to utilize the service -- whether it's at multiple locations or multiple points of sale within one store. With multi-lane, retailers benefit from instant access to financial data that gives a complete picture of all of their sales and inventory from all points of sale. Swizznet, the most technically sophisticated of online accounting providers, collaborated with Intuit for months on cloud-enabling multi-lane.

March 14, 2013

January 28, 2013

Intuit Acquires Payvment's Team, Technology, and Patents

Intuit logo 140pxPayvement, a leading eCommerce enabler on Facebook, has announced that it is shutting down and transitioning it merchant based to Ecwid. But TechCrunch has the backstory:

Earlier today Facebook ecommerce platform Payvment announced it was shutting down and transitioning its 200,000 merchants to competitor Ecwid, but we’ve just discovered that’s because Intuit is acquiring Payvment’s team, technology, and patents.

Full TechCrunch story is here.

December 13, 2012

June 05, 2012

QuickBooks Point of Sale Goes Mobile With GoPayment

Intuit logo 140pxIntuit has announced the its newest point-of-sale product that integrates with GoPayment mobile payment processing support.

“With 10 years of point of sale experience, we understand the challenges small retailers face when trying to grow their business,” said Chris Hylen, vice president and general manager of Intuit’s Payment Solutions division. “By integrating QuickBooks Point of Sale 2013 with GoPayment, we’re liberating retailers from their cash registers so they can better serve their customers and ring up more sales both in the store and on the go.”

May 31, 2012

Money See, MoneyDue

Intuit logo 140pxIntuit has launched MoneyDue, a free app that turns business appointments into payment reminders on iPhone and iPod Touch devices. "The new app from Intuit PaymentNetwork uses the calendar feature on the iPhone or iPod Touch to convert calendar appointments into payment reminders, and gives small business owners the ability to see payments owed and payments received through their calendar appointments."

May 24, 2012

May 22, 2012

Survey Says Small Businesses Not Accepting Cards Miss Out on $100 Billion Per Year

Intuit logo 140pxAccording to a recently released Intuit GoPayment survey, 55% of the nation’s 27 million small businesses do not accept credit cards.

Intuit estimates that each business that does not accept plastic misses out on approximately $7,000 in sales annually, equating to approximately more than $100 billion in collective lost revenue. This missed opportunity represents a combination of new sales and sales that go to other businesses that accept credit cards.

April 10, 2012

March 19, 2012

Payments Views - PayPal Takes on Square and the Square Wannabes

GP Logo Horizontal 140pxOver on Payments Views, Glenbrook's Erin McCune blogs about the recent PayPal Here announcement, and her take on what it means to Square and the Square Wannabes.

The story here is simplicity. The merchant fee for PayPal Here transactions is 2.7%. Slightly lower than Square, and about the same as Intuit GoPayments. The big differences is access to funds. Just like online merchants, offline merchants are credited sales into their PayPal account in real-time as purchases complete.

Intuit GoPayment Hits the Campaign Trail

Intuit logo 140pxIntuit has announced that GoPayment has been enhanced for political donations.

“We saw a need to help fundraisers significantly increase their political donations, especially at events or when going door-to-door, when not everyone has cash or checks,” said Chris Hylen, vice president and general manager of Intuit’s Payment Solutions division. “We’ve enhanced GoPayment specifically for campaign donations. With just one swipe, fundraisers can easily increase their donations while collecting all information needed to help them meet their reporting requirements.”

January 25, 2012

January 10, 2012

GoPayment Goes Global – First Stop Canada

Intuit logo 140pxIntuit has announced that it plans to take its free GoPayment mobile credit card app and card reader hardware global, with the first implementation in Canada. In addition, Intuit will soon begin shipping a free, newly-designed GoPayment Card Reader in both the U.S. and Canada.

This innovative card reader is a compact, cylinder-shaped device that helps maximize sales with new features that increase the accuracy of each card swipe. Providing greater security than available on other devices, it includes best-in-class, end-to-end encryption that protects a customer’s sensitive credit card data from the moment a card is swiped.

GoPayment for Canada and the new GoPayment card reader will both be available in early 2012.

December 20, 2011

Intuit Announces Availability of GoPayment Prepaid Visa Card

Intuit logo 140pxAs part of its GoPayment mobile payment offering, Intuit has announced the launch of the Intuit GoPayment Prepaid Visa Card.

“The GoPayment Card adds new value to those using GoPayment. In addition to helping them get paid, we’re helping them make payments,” said Chris Hylen, vice president and general manager of Intuit’s Payment Solutions division. “This is just the beginning. Intuit will roll out new, innovative features for GoPayment that help users make payments in a variety of ways.”

November 03, 2011

October 24, 2011

September 22, 2011

Intuit to Launch Prepaid Debit Card to Support GoPayment

Intuit logo 140pxIntuit has announced a number of new services designed to fuel Intuit's transformation from a software company to a connected services company. Included in the announcement was a new prepaid debit card for use as a Intuit GoPayment payout instrument.

To make it easier for small businesses to get started processing credit cards on a mobile device, GoPayment will soon enable users to deposit funds directly onto a prepaid debit card. This will make it faster to start taking payments because new users can sign up for GoPayment without needing to provide bank account details. For smaller businesses, it also provides a convenient way to keep their business finances separate from their personal funds. The prepaid debit card for GoPayment will be available later this fall.

Yesterday, Intuit held its annual investors day to update the investment community on progress and strategy –– including that of Intuit Payments. Slides and webcast available here.

August 25, 2011

Verizon Wireless and Intuit Team Up to Offer GoPayment on Verizon Devices

Intuit logo 140pxVerizon Wireless and Intuit have announced a strategic alliance to offering Intuit's GoPayment app and pocket-sized credit card reader in Verizon Wireless' 2,300 retail stores and business-to-business sales channels.

"Rather than lose out on potential business, anyone who sells a product or service can now easily and affordably give their customers the option of paying with plastic," said Chris Hylen, general manager of Intuit's Payment Solutions division. "GoPayment is meeting a huge need and is one of the fastest growing mobile payment solutions in the market. With Verizon Wireless, we'll help even more people discover that they too can process credit card payments on the phones or tablets they already own."

June 28, 2011

Intuit Buys Mobile Money Ventures Platform

Intuit logo 140pxIntuit has announced it has acquired mobile Web banking technology assets from Mobile Money Ventures, or MMV, a "leading global provider of next-generation mobile financial solutions."

Mobile Money Ventures, based in San Mateo, Calif., was formed in 2008 as a joint venture that combined the strengths of Citigroup, a leading, global financial services company, and SK Telecom Americas, an early-stage technology innovator.

June 22, 2011

Intuit PaymentNetwork Now Available to QuickBooks Online Users

Intuit logo 140pxOver on the Quickbooks Online Blog, Intuit has announced that the Intuit PaymentNetwork (IPN) is now seamlessly integrated with QuickBooks Online.

A small business can now send an invoice through QuickBooks Online and get paid fast using IPN. QuickBooks online invoices enabled for online payments will now have a link for the end customer to directly pay the small business. The plot thickens with the added benefits of low cost (only 50 cent/payment), faster funding (next day funding for most payments less than $5000) and automatic reconciliation.

May 10, 2011

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