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America Online Launches Intuit's Quicken Bill Manager, Teaming to Create a Simple, Convenient Way to Manage All Household Bills Online.


Business Editors & High Tech Writers

DULLES, Va. & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Dec. 7, 2000

Quicken Bill Manager Now Available on the Personal Finance Channels of

AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services.  and CompuServe

America Online See AOL. , Inc. (NYSE NYSE

See: New York Stock Exchange
:AOL), the world's leading interactive services company, and e-finance leader Intuit 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) ) today announced the launch of Quicken(R)Bill Manager on AOL and CompuServe, helping consumers find a convenient solution to the recurring chore of bill paying. Now consumers can receive all their bills online in one convenient location, access their bills anytime, cut the time they spend paying bills each month, and better track their monthly finances -- all from the popular Personal Finance Channels on AOL and CompuServe.

Quicken Bill Manager on the America Online brands offers a wide range of features available to make online bill management fast, convenient and complete with virtually any biller, from the utility company to the gardener. In addition to receiving and paying electronic bills, members can have all of their paper bills sent to Quicken Bill Manager, where they are automatically scanned and presented online, providing the ability to easily manage household bills. Consumers can pay bills from up to 10 different payment accounts (checking accounts, brokerage accounts, etc.) and easily track and store all their payment records. In the coming months, Quicken Bill Manager is also expected to be available on AOL.COM.

To enroll in the service, AOL members can simply go to the Banking & Loans department of AOL's Personal Finance Channel and click on Quicken Bill Manager, or go to AOL Keyword: Bill Manager. CompuServe members can go to the Banking Center and the Family Finance Center, or CompuServe Go Word: Bill Manager.

Once enrolled, members can find a complete snapshot of their bills, including their billers, amounts due and due dates. Consumers can then manage all their bills online -- anytime -- receiving bills, making payments and, if they choose, scheduling recurring payments. AOL and CompuServe members can pay up to 20 bills each month with Quicken Bill Manager for as little as $5.95 (with additional bills costing 30 cents each).

According to according to
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1. As stated or indicated by; on the authority of: according to historians.

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 the 2000 AOL/Roper Starch Cyberstudy, 54 percent of online consumers are interested in paying bills online. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
  • Founded: 1983 by George F.
 forecasts that 20 million households will use online bill management services by 2004, up from approximately two million in 1999.

Customer data transmissions on Quicken Bill Manager are protected with SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data.  encryption technology. Infrastructure for Intuit's online bill payment and presentment services is provided by CheckFree (NASDAQ:CKFR CKFR Checkfree Corporation (stock abbreviation, AMEX) ) and CyberBills. CheckFree also provides the routing, tracking and payment engine to support the billers that present bills online and receive online payments. Customers who pay bills through this service are protected by the CheckFree Guarantee, which limits a consumer's liability for unauthorized transactions to $50, much like major credit cards, and covers a consumer's responsibility for any late payment-related charges up to $50 should a payment arrive late.

"We're pleased to add yet another convenient financial service to our already robust personal finance offerings. Paying bills can be a time-consuming chore, but Quicken Bill Manager will enable our members to completely automate the process and cut the time spent to a few minutes every month," said Barry Schuler Barry Martin Schuler (born September 7, 1953 in Jersey City, New Jersey) is American Internet pioneer, perhaps best known for making the Internet easy to use consumers while working for America Online for seven years, and being the CEO for three years. , AOL's President of Interactive Services. "In addition, online consumers benefit from strength and experience that Intuit's Quicken brings to personal finance and bill management."

"Intuit's mission is to deliver financial solutions that are so easy and innovative that people can't imagine ever going back to the old way," said Steve Bennett The name Steve Bennett refers to more than one person:
  • Steve Bennett, the head of Starchaser, a company involved in space development and tourism.
  • Steve Bennett, manga artist and head of ill-fated manga publisher Studio Ironcat.
  • Steve Bennett, football referee.
, Intuit's president and chief executive officer. "Online bill management is a great example of how a mundane, time-consuming process can be revolutionized through technology - giving people more information and control, while also saving them time."

Quicken has been the trusted brand in Personal Finance Management since 1984, and has provided bill payment services since 1988.

About America Online, Inc.

Founded in 1985, America Online, Inc., based in Dulles, Virginia Dulles, Virginia is an unincorporated census-designated place located in Loudoun County, Virginia, part of the Washington Metropolitan Area. The headquarters of AOL, Orbital Sciences Corporation and ODIN technologies and the former headquarters of MCI Inc. are located in Dulles. , is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services.

About Intuit Inc.

Intuit Inc. (NASDAQ:INTU) is the leader in e-finance, including financial software and Web-based financial services for consumers and small businesses. Intuit develops and markets QuickBooks, the most popular small business accounting software; Quicken, the leading personal finance software; and Quicken TurboTax, the best-selling tax preparation software. An innovator in delivering Web-based financial tools, Intuit is the leading provider of online tax preparation and filing and online mortgages. Intuit is also breaking new ground as the leader in online bill presentment and payment See EBPP. , and in the delivery of its QuickBooks Internet Gateway platform of connected e-services for small businesses.

Intuit's Quicken.com (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page.  Web site (www.quicken.com) is a leading financial site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services Tax preparation services

Firm that prepare tax returns for a fee.
. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.

Intuit, the Intuit logo, Quicken, QuickBooks, QuickBooks Pro, TurboTax and ProSeries, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Quicken.com, QuickenInsurance, among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, in the United States and other countries.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 7, 2000
Words:879
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