Financial Services Industry
Industry: Email Alert RSS FeedIntuit Buys Digital Insight In Bid For Expanded Small Biz Market
Credit Union Journal, The, December, 2006 by Carol Anne Burger, Reporter
Intuit's acquisition of Digital Insight is an arrow aimed at the heart of how small businesses manage their financial operations through the Internet-and how credit unions will serve them. The buy out deal for approximately $1.35 billion announced late last week promises to bring startling changes to credit union services aimed at the small business market in the first quarter of 2007.
With many credit unions complaining that their core processors don't provide a robust business services component, the industry is interested to see how this acquisition unfolds. So promised Paul Rosenfold, director of product management and marketing for Intuit in an interview with The Credit Union Journal. "Online banking is growing like a weed, but it's not solving the problems faced by...
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