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Intuit Introduces Mobile Banking App for Android Phones

Banks and Credit Unions Get a New Way to Connect with Customers

MOUNTAIN VIEW, Calif. – Jun. 07, 2011 – Intuit Financial Services has introduced a mobile banking application that makes it easier for AndroidTM smartphone users to manage finances from their mobile devices.

The application, offered by the banking services division of Intuit Inc. (Nasdaq: INTU), uses the Android's built-in features to help bank and credit union customers:

  • View account balances and account transaction history.
  • Transfer funds between eligible accounts.
  • Pay bills on the spot.
  • Locate nearby ATMs and Branches using the phone's GPS capabilities.

"Whether at home, work or out on the town, people are increasingly reaching for a mobile device when they need financial information," said CeCe Morken, president of Intuit Financial Services and a vice president at Intuit. "If financial institutions are going to remain relevant in the future, they will have to offer insights and services when and where customers need them. We are intensely focused on building mobile solutions that will help banks and credit unions be a meaningful part of how customers live their lives."

Financial institutions offering Intuit's mobile banking solutions are already seeing tremendous growth in mobile interactions with customers. People at more than 300 U.S. banks and credit unions actively use Intuit's mobile Web, text-message and downloadable application solutions to conduct their critical banking tasks an average of eight times per month. Further increasing demand, approximately 400,000 new Android devices are activated each day.

To equip banks and credit unions, Intuit continues to expand its array of mobile solutions, supporting virtually any phone regardless of carrier and providing small businesses and consumers a consistent experience across channels. Intuit Financial Services' newest mobile applications are available from both the Android Market (market.android.com) and the App Store for iPhone, iPad and iPod Touch (www.itunes.com/appstore/).

Suggested Links:

Learn more banking insights at Banking.com.
Follow Intuit Financial Services at FinanceWorks on Twitter.

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 providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.5 billion in its fiscal year 2010. The company has approximately 7,700 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.

About Intuit Financial Services

Intuit Financial Services helps banks, credit unions and other financial institutions grow by making it easier for consumers and businesses to manage their money. We've applied more than three decades of customer insights to build an innovative portfolio of on-demand solutions and services that anticipates and meets their needs. Learn more at www.ifs.intuit.com.

Intuit, the Intuit logo, Intuit Financial Services, FinanceWorks and TurboTax, among others, 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.

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