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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsbusiness issuesIntuitCheck

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

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?