28 financial institutions are first to offer online banking services to QuickBooks software users.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Dec. 17, 1996-- Small business customers now have complete online banking and payment capabilities through Intuit's No. 1 best-selling best·sell·er also best seller n. A product, such as a book, that is among those sold in the largest numbers. best accounting software Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ) announced today that 28 leading financial institutions will be the first to offer online banking and online payment services through QuickBooks(R) 5.0 and QuickBooks Pro(TM) 5.0 for Windows(R), the latest versions of Intuit's leading small business accounting software. Bank of Boston, Bank of Stockton, Centura Bank, Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , Commerce Bank, Commercial Federal Bank, Compass Bank, CoreStates Bank, First Chicago, FMB FMB abbr. Federal Maritime Board FMB (US) n abbr (= Federal Maritime Board) → Dachausschuss der Handelsmarine (First Michigan Bank), First Union, Laredo National Bank, M&T Bank, Marquette Banks/E Direct, NBD NBD Next Business Day NBD National Bank of Dubai (United Arab Emirates) NBD No Big Deal NBD Network Block Device (Linux) NBD Nucleotide Binding Domain NBD New Business Development Bank, Regions Bank, Republic National Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , SouthTrust Bank, Texas Commerce Bank and Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. are among the financial institutions who will now be able to offer specialized online banking services to small business customers through QuickBooks 5.0 and QuickBooks Pro 5.0 for Windows. "These 28 financial institutions are now in a position to reach more than four million QuickBooks and Quickensmall business customers with these new services," said Dan Rudolph, vice president and general manager of banking services at Intuit. "Through QuickBooks 5.0, Intuit provides a simple solution for financial institutions to provide complete online banking and payment services to the growing number of small business customers in their individual markets." A First for Small Business Customers Now from within QuickBooks 5.0, customers can view their balances, transfer funds between bank accounts and even pay vendors online, all with just a few clicks of the mouse. QuickBooks 5.0 provides small businesses with the first and only accounting software solution to include complete online banking and bill payment capabilities integrated with the program. These new services make managing cash easier than ever before(1) Online Banking through QuickBooks Makes Managing Cash Easy Online Banking through QuickBooks 5.0 allows users to access their accounts day or night, and with a click of a button determine account balances, see which transactions have cleared and transfer money between accounts. Signing up for online services with one of the 28 financial institutions is easy customers simply use the software to answer a few questions, and with a click of the mouse can go online to start the sign-up process directly from within QuickBooks 5.0. Online Payment through QuickBooks 5.0 allows users to pay anyone without having to manually write or mail checks, making cash flow management easier than ever before. QuickBooks 5.0 allows users to electronically schedule when a payment should be sent to a vendor and the service automatically sends a check at the appropriate time. This service is ideal for small businesses because they can attach invoice information with their payments and even pay multiple invoices with a single transaction. Online Banking and Payment through QuickBooks is Secure Online Banking through QuickBooks 5.0 is protected with a personal identification number that consumers use to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. each banking session. All transactions are handled through a private network. Security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security also feature 1024-bit master key encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. for session key exchange and 128-bit DES encryption for data encryption data encryption, the process of scrambling stored or transmitted information so that it is unintelligible until it is unscrambled by the intended recipient. Historically, data encryption has been used primarily to protect diplomatic and military secrets from foreign . About QuickBooks 5.0 The breakthrough ease-of-use in QuickBooks 5.0 brings complete and powerful accounting capabilities to small business owners who do not want to deal with the hassle of trying to understand accounting jargon or debit/credit accounting. Using the exclusive EasyStep Startup Interview and new QuickBooks Navigator, customers can quickly set up their entire business with QuickBooks. QuickBooks 5.0 makes it easy to create custom invoices, enter sales, perform online banking and bill payment, record customer contacts, track time, perform job costing Job versus Process Costing Job costing (also called job order costing) is a fundamental part of managerial accounting. It differs from Process costing in that the flow of costs is traced by job instead of by process. , manage inventory, handle payroll and even prepare for tax time. Pricing and Availability Pricing for Online Banking and Payment through QuickBooks 5.0 will be set by each financial institution. QuickBooks 5.0 is expected to be widely available in most software and computer stores by mid-January 1997. Estimated street price is $99.95 for QuickBooks and $199.95 for QuickBooks Pro. Rebates are also available for all current Quicken or QuickBooks users. Customers can also order QuickBooks 5.0 directly from Intuit by calling 1-800-4-INTUIT. About Intuit Intuit Inc., a financial software and Web-based services company, develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling tax preparation software; and QuickBooks, the most popular small business accounting software. Intuit's Quicken Financial Network (http://www.qfn.com) offers a variety of news, information and market spaces including the No. 1 mutual fund Web site, (http/networth.galt.com), and the most dynamic personal insurance Web site, Quicken InsureMarket.com. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses. In addition, Intuit's systems and solutions provide many of the nation's leading financial service providers with communication, sales and marketing opportunities that deliver new customers, better serve existing customers and lower costs. -0- Intuit, Quicken, QuickBooks and TurboTax are registered trademarks of Intuit Inc. Accountant's Review, BankNOW, InsureMarket and QuickBooks Pro are trademarks of Intuit Inc. or one of its subsidiaries. All other trademarks are property of their respective owners. _______________________________ 1 Note: Online Payment is available through all U.S. financial institutions. Online Banking requires an account at a participating financial institution. Service charges may apply. CONTACT: Press: Jeff Larsen Intuit Inc. 415-944-5106 jeff_larsen@intuit.com or Nancy Golden or Jeff Schline Thomas Associates nancy@thomaspr.com |
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