Technology Update

Intuit Hunts for More Growth

Stock quotes in this article: INTU , HRB  

The company projects payroll and payments revenue growth of 14% to 18%, to a range of $639 million to $662 million.

A Billing Manager product will launch in October. Come December, the ability to accept electronic payments will also be embedded into Intuit's online banking platform, which is provided exclusively through bank customers. And a mobile payments service will go into pilot testing in the spring of 2009.

The online banking platform, which was a 2007 acquisition, has four financial institution clients. Another 60 have signed contracts and will be converted during the coming 12 months, Smith said.

Shares of Intuit were recently up 45 cents to $31.69.

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