Intuit to mobilize Quicken, Mint with Check acquisition

Intuit will offer the ability for mobile users to pay bills and check bank accounts through the Check service

Intuit is expanding its consumer and small-business financial services to tablets and smartphones with its purchase of mobile bill pay provider Check for approximately US$360 million.

Check's service has thus far attracted more than 10 million registered users. From their phones, Check customers can monitor their bills and accounts, as well as receive alerts when bills come due and have those bills paid automatically.

Intuit plans to pair Check's mobile service with its own desktop finance management software, Quicken, as well as with its online checkbook, Mint.com.

Intuit offers a mobile version of Quicken for iOS and Android, though the app does not have the ability to pay bills.

In addition to Check's sizable customer base, Intuit wanted the company's consumer payments capability, which it could use to streamline interactions between consumers and small businesses, which Intuit is also pursuing with products and services such as QuickBooks and Intuit Payroll.

Based in Palo Alto, California, Check was founded in 2007, under the name Pageonce, to provide an easy way to store passwords for multiple iOS apps.

The company soon found that many of its users were deploying multiplying financial apps and so it shifted its attention to offering bill-paying services. Check's app now can centrally manage multiple bank accounts and credit card services

In the U.S. alone, people paid more than 14.7 billion bills in 2013, nearly half of which were paid online or with mobile apps, according to financial services analysis firm Aite Group.

For 2013, Intuit generated $4.2 billion in revenue for its line of finance software for small businesses and consumers.

Once the transaction closes, Check will become a business unit within Intuit's Consumer Ecosystem Group. Check CEO and co-founder Guy Goldstein will serve as an Intuit vice president. Intuit expects the deal to be completed by the end of the year.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is Joab_Jackson@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesCheckIntuitMergers and acquisitions

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?