Intuit Launches Mobile Payments Pilot in the U.K.

  Intuit Launches Mobile Payments Pilot in the U.K.

Lets Small Businesses Accept Credit Card Payments Anywhere – Online and on the
                                      Go

Business Wire

MOUNTAIN VIEW, Calif. -- November 29, 2012

Intuit Inc. (Nasdaq: INTU) has launched a pilot programme in the U.K., giving
small businesses an easy, secure and inexpensive way to accept card payments
anywhere. Intuit Pay, from the makers of QuickBooks, is being tested by
hundreds of small businesses in the U.K., and includes a free mobile app with
a low-cost chip and PIN card reader.

Intuit Pay gets small businesses paid on the spot so they never miss a sale.
(Photo: Business Wire)

Intuit Pay gets small businesses paid on the spot so they never miss a sale.
(Photo: Business Wire)

Intuit Pay is ideal for both brick-and-mortar businesses and those on the go –
from tradesmen to taxis, and from markets to manufacturers. It allows small
businesses to get paid on the spot so they never miss a sale. Businesses in
the pilot can use Intuit Pay to accept credit or debit card payments in two
easy ways:

  *In person: Accept credit cards anywhere, using a smartphone or tablet, a
    free app and the Intuit Pay chip and PIN card reader.
  *From home or office: Process credit and debit card payments instantly
    online from a computer.

Pilot participant Rob Welch, who runs tour company smallcarBIGCITY, said:
“This week alone, I have encountered six clients that wanted
theflexibilityof taking payments there and then. Catering to your clients
needs can be the difference between success and failure. Intuit Pay is the
cheap, effective and safe way of taking card payments I have been looking for.
My business needs the flexibility to take payment from my customers anytime,
anywhere, so I am really excited to be part of this pilot and to see how
Intuit Pay can help my business grow.”

Intuit Pay captures the highly successful and proven experience of Intuit’s
payment offerings, including GoPayment and QuickBooks Merchant Service. By
encrypting all customer data and keeping it safe, it meets the unique
requirements of the U.K. payments industry and is approved for chip and PIN
payments by Visa and MasterCard.

“For many small businesses, accepting card payments has simply not been an
attractive option,” said Terry Hicks, vice president for products for Intuit’s
global business division. “It can take weeks to get set up, the equipment and
transactions can be expensive and there is no easy way to take payments on the
go. With Intuit Pay you can sign up and begin accepting card payments within
minutes. Our mobile app and card reader lets you securely take payments
anywhere using your own smartphone or tablet.”

A survey for Intuit of 1,000 small businesses in the U.K. found that just 19
per cent of micro-businesses – firms with less than 10 employees – currently
accept card payments. Almost half, a total of 47 per cent, said they would
accept cards if there was a more affordable way of doing so using their
smartphone or tablet. There are an estimated 4.6 million micro businesses in
the U.K., according the Department for Business Innovation & Skills.

Intuit Pay builds on Intuit’s 10 years of leadership in the small business
payments space in the United States, where Intuit’s desktop, Web and mobile
payments offerings annually process more than $36 billion in payments. The
mobile payment market continues to represent a significant growth opportunity,
as evidenced by the continued growth of Intuit’s North American mobile payment
offering, GoPayment, in the United States and Canada.

“Intuit has a long history in helping small businesses solve all their
payments needs. We understand that getting paid is crucial to their success,
and have seen how GoPayment helps their businesses grow,” said Chris Hylen,
vice president and general manager of Intuit’s Payment Solutions division.
“The payments opportunity for small businesses in the U.K. is significant, and
this pilot is our first step to enabling small businesses around the world get
paid – faster and easier.”

Businesses interested in participating in the Intuit Pay pilot should visit
www.intuitpay.co.uk.

Suggested Links:

Visit the following links for more information:

  *Intuit Pay website: www.intuitpay.co.uk
  *Image of Intuit Pay
  *Photo of Rob Welch using Intuit Pay
  *Infographic: Intuit Pay
  *Intuit UK on Twitter, Facebook, Intuit Blog

About Intuit UK

Intuit is a leading provider of innovative business and financial management
solutions. Our customers in the UK are small businesses and their advisors,
including accountants and bookkeepers. We help small businesses get on top of
their finances and save time on their day-to-day accounting tasks, such as
managing cash-flow, dealing with VAT and payroll processing. For accounting
professionals we provide the tools and capabilities to more efficiently
completebookkeeping, trial balance, write-up, and financial reporting tasks
and help them grow their practice. By offering many services online and on
mobile devices, we're connecting customers to our solutions and with each
other in ways that add more value to our products. More information can be
found at www.intuit.co.uk.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting professionals. Its
flagship products and services, including QuickBooks®, Quicken® and TurboTax®,
simplify small business management and payroll processing, personal finance,
and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading
tax preparation offerings for professional accountants. Intuit Financial
Services helps banks and credit unions grow by offering innovative online and
mobile banking solutions that make it easier for consumers and businesses to
manage their money.

Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year
2012. The company has approximately 8,000 employees with major offices in the
United States, Canada, the United Kingdom, India and other locations. More
information can be found at www.intuit.com.

Intuit and the Intuit logo, are registered trademarks and/or registered
service marks of Intuit Inc. in the United States and other countries. Other
parties' trademarks or service marks are the property of their respective
owners and should be treated as such.

Intuit Pay is a trading name of Intuit Ltd, which is registered with the
Financial Services Authority as an approved agent of HSBC Merchant Services
LLP. HSBC Merchant Services LLP is authorised by the Financial Services
Authority under the Payment Services Regulations 2009 (504290) for the
provision of payment services.

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Contact:

Access Communications for Intuit, Inc.
Jen Garcia, 415-844-6244
jgarcia@accesspr.com
or
Intuit (UK)
Scott Rowe, +44 7718 340187
scott_rowe2@intuit.com
or
Intuit
Rachel Mann, 818-436-8345
rachel_mann@intuit.com
 
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