Intuit to Help More Financial Institutions Meet Americans' Online Financial Management Needs.Digital Insight Expands Availability of FinanceWorks CALABASAS, Calif. -- Eighty percent of Americans say their bank or credit union's online channel is the best place to manage their finances. But only 27 percent of Americans do that. And typically, they'll they'll Contraction of they will. they'll will say that's because the banks and credit unions don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. offer an easy-to-use solution. But things are beginning to change. More than 400 financial institutions have turned to Digital Insight, the financial institutions division of 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:INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ), to help them provide a better online financial management experience over the past year. And, now even more banks and credit unions can do the same. FinanceWorks, Digital Insight's online financial management solution, is now available to banks and credit unions that don't use Digital Insight's Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the banking platform. "Consumers and businesses are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. help, and financial institutions have an unprecedented opportunity to be the primary online destination that meets their needs," said Sasan Goodarzi, president of Digital Insight. "Broadening the availability of FinanceWorks will help more banks and credit unions provide the online financial management capabilities that can position them for growth." Financial institutions offering FinanceWorks have already found that providing online financial management capabilities can deliver tangible business benefits to banks and credit unions. Data on early FinanceWorks users indicates they: * Are up to four times more profitable than the average bank or credit union customer. They have twice as many accounts, nearly 30 percent higher loan balances, and tend to have higher incomes. * Log in to online banking twice as often as active online banking users, and are more active online bill payers (61 percent vs. 41 percent of online bankers). * Are so highly satisfied with the online financial management experience that 78 percent would recommend their financial institution based on the solution. "Americans want to have greater control over their finances, and banking customers will look elsewhere for the tools they need if their financial institution doesn't offer easy-to-use online financial management tools," said Mark Schwanhausser, multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. analyst at Javelin Strategy and Research. "No one is in a better position than banks and credit unions to help customers securely monitor their finances, move their money - and become the customer's trusted financial advisor." About FinanceWorks Powered by Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. [R], the award-winning FinanceWorks gives users greater visibility and control over their financial decisions by accessing account information from more than 12,000 financial institutions and credit card sites. With this aggregated information automatically organized and illustrated, users get an easy-to-understand view of their cash flow and spending habits. They are empowered to manage their budget based on their complete financial picture and determine payment strategies for their upcoming bills. Users can also categorize cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat personal and business expenses, get an income/expense report and receive alerts about their financial status via e-mail. Product Availability Financial institutions can obtain further information about providing FinanceWorks by contacting Digital Insight at 1-888-344-4674 (option 6) or sales.operations@digitalinsight.com. Additional Resources Survey Data: Digital Insight's Second Annual Online Financial Management Survey Multimedia: FinanceWorks Demo Suggested Link: FinanceWorks on Twitter A Web site and service that lets users send short text messages from their cellphones to a group of friends. Launched in 2006, Twitter (www.twitter.com) was designed for people to broadcast their current activities and thoughts. About Intuit Inc. Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. and services, including QuickBooks[R], Quicken[R] and TurboTax[R], simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries[R] and Lacerte[R] are Intuit's leading tax preparation offerings for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions. Founded in 1983, Intuit had annual revenue of $3.2 billion in its fiscal year 2009. The company has approximately 7,800 employees with major offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com. About Digital Insight Digital Insight is the leading outsourced provider of online banking services to mid-market banks and credit unions in the United States. The company's extensive portfolio of on-demand applications includes consumer and business Internet banking, online lending, electronic bill payment and presentment presentment: see indictment. , Web site development and hosting, marketing programs designed to help increase online banking end user growth, and more. Intuit, the Intuit logo, Digital Insight, and FinanceWorks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such. |
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