Intuit Begins Public Beta Of Web-Based Electronic Bill Payment, Presentment Service - Company Business and Marketing

EDP Weekly's IT Monitor, July 5, 1999

Turbo tax maker Intuit Inc. last week announced that a public beta prototype of an online electronic bill payment and presentment (EBPP) service is now available at its Web site (Quicken.com).

Intuit says the online billing solution leverages the Internet to offer an intuitive service that makes it easy for users to receive, view, pay and record their bills. Intuit expects the program to be fully available to customers later this year.

The program allows billers to securely present bills to their customers, at whatever level of detail billers choose. The bills themselves remain hosted on the biller's system; customers access them through the Quicken.com site. Billers representing a wide variety of industries -- including Bell South, Florida Power and Light, Portland General Electric and HomeSide Lending -- are participating in online beta test.

"This is really the next logical step in meeting the needs of consumers," says Mark Goines, senior vice president of Intuit's consumer division. "The beta of this EBPP program puts Quicken.com and the participating billers on the path to providing a positive customer experience with the full version this fall."

The EBPP program was developed using the Open Financial Exchange (OFX) specification.