Online banking for small firms.(Intuit Inc. to offer online banking on business accounting packages)
HFN: The Weekly Newspaper for the Home Furnishing Network, December, 1996 by Richards, Kathleen
PALO ALTO, Cal. -- Online banking will become available to small businesses for the first time in January, when leading personal finance publisher Intuit ships to retail QuickBooks 5.0, which offers the service.
The Windows-based QuickBooks 5.0 and QuickBooks Pro 5.0 offer online banking and bill payment services through 28 banks. Service charges are set by the financial institutions.
Starting next fall, financial institutions will have the option of using the Internet as a conduit for secure transactions and financial services based on Intuit's OpenExchange specification, which the company made public in September. At the same time, Intuit said that it is selling the Intuit Services Corp., its back-end processing unit, to leading bill-payment processor...
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