Nearly One-third of Internet-connected Households Favor the Adoption of Electronic Signatures.

Business Editors/Interactive & Multimedia Writers

MOUNTAIN VIEW, Calif. & WASHINGTON, DC--(BUSINESS WIRE)--May 18, 2000

-- Adoption of New Technology Innovation Would

Help Benefit Consumers and the Financial Services Industry --

Additional findings that supplement a recent national consumer online insurance survey commissioned by QuickenInsuranceSM (www.QuickenInsurance.com), the leading online insurance marketplace, and the Electronic Financial Services Council (EFSC), a leading national financial services trade group, reveal that nearly one-third (31%) of Internet-connected households favor the adoption of electronic signatures (e-Signatures).

e-Signatures would offer consumers the ability to electronically "sign" legally binding documents received and sent via the Internet, an initiative that was recently passed by the House of Representatives (H.R. 1714) and the Senate (S. 761), which were championed by Reps. Tom Bliley (R-VA), Jay Inslee (D-WA) and Sen. Spencer Abraham (R-MI).

These and other results were announced today by Velvet Beard, Vice President of Product Management, QuickenInsurance, a speaker at the EFSC's seminar entitled "The e-Signature Revolution: Are You Ready?" in Washington, D.C.

"We are extremely encouraged by these results showing American's growing acceptance of what is surely a revolutionary technological application," said Beard. "e-Signatures would enable consumers to buy insurance policies or close home loans directly online, just as if the consumer stepped into a brick-and-mortar establishment, minus the processing and appointment hassles."

The survey further reveals demographic trends that point to growing support for the adoption of e-Signatures. Of Internet-connected households who have previously purchased goods or services online, 43% favor the adoption of e-Signatures compared to 50% who are currently not in favor of this technology.

According to the survey, more men support e-Signatures compared to women. Nearly two in five men (38%) support the technology, whereas only 23% of women are in favor of adopting e-Signatures.

Furthermore, consumers between the ages of 18-34 are more likely to support e-Signatures than those 50+. Forty-one percent of consumers under 35 support e-Signatures, compared to 18% of consumers ages 50+.

"Our survey indicates that almost half (46%) of Internet-connected households are comfortable submitting personal information online," adds Jeremiah Buckley, General Counsel, EFSC. "Coupled with the e-Signature statistics, our study demonstrates a solid market willing to utilize the added convenience and cost savings of this technology for consumers and industries. Adopting e-Signature legislation would allow many industries, such as insurance, to expand online services and transactions, which are limited in the current e-commerce environment."

The Online Insurance Usage telephone survey was conducted by Bruskin Audits & Surveys, which polled a random sample of 467 Americans, ages 18+, from February 25-27, 2000. The overall margin of error is a maximum of +/- 5 percentage at the 95 percent confidence level. Intuit's QuickenInsurance and the EFSC jointly commissioned the survey.

About QuickenInsurance

QuickenInsurance (www.QuickenInsurance.com) is the leading insurance service Web site on the Internet, offering real-time, online auto and term life insurance quotes, complete with payment options. The site, which was named the top insurance aggregator by Morgan Stanley Dean Witter in 1999 and the #1 online insurance firm by Gomez Advisors, also features a library of educational material to assist consumers in learning more about insurance, as well as interactive insurance planning tools and information from independent experts.

QuickenInsurance is part of Quicken.com(TM) (www.Quicken.com), which provides individuals with information and software tools to help them make better financial decisions.

About the EFSC

The Electronic Financial Services Council represents a group of financial services and software companies that offer their products and services over the Internet. The Council's mission is to update laws and regulations to facilitate the electronic delivery of financial services. Members include: Countrywide Home Loans, Inc., Intuit Inc., GE Capital Mortgage, Microsoft Corporation, Cendant Mortgage, Creditland, Ultraprise Corp., Xpede, Chase Manhattan Mortgage, Esurance, Citigroup Mortgage, Inc., E-Loan, The First American Financial Corporation, Freddie Mac, GMAC Mortgage Corporation, Lender's Service, Inc., Lending Tree, GHR Systems, Principal Financial Group, United Guaranty, Wells Fargo/Norwest, signOnline. For additional information, go to www.efscouncil.org.

About Intuit Inc.

Intuit Inc. (NASDAQ: INTU) is the leader in e-finance, including financial software and Web-based services. Intuit develops and markets Quicken(R), the leading personal finance software; TurboTax(R), the best-selling personal tax preparation software; and QuickBooks(R), the most popular small business accounting software. Intuit's Quicken.com(TM) Web site (www.Quicken.com) is a leading financial Web site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. 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 and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Quicken.com and QuickenInsurance, among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, 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.