Intuit Inc. (Nasdaq: INTU) has launched a pilot programme in the U.K., giving small businesses an easy, secure and inexpensive way to accept card payments anywhere. Intuit Pay, from the makers of QuickBooks, is being tested by hundreds of small businesses in the U.K., and includes a free mobile app with a low-cost chip and PIN card reader.
- In person: Accept credit cards anywhere, using a smartphone or tablet, a free app and the Intuit Pay chip and PIN card reader.
- From home or office: Process credit and debit card payments instantly online from a computer.
A survey for Intuit of 1,000 small businesses in the U.K. found that just 19 per cent of micro-businesses – firms with less than 10 employees – currently accept card payments. Almost half, a total of 47 per cent, said they would accept cards if there was a more affordable way of doing so using their smartphone or tablet. There are an estimated 4.6 million micro businesses in the U.K., according the Department for Business Innovation & Skills.Intuit Pay builds on Intuit’s 10 years of leadership in the small business payments space in the United States, where Intuit’s desktop, Web and mobile payments offerings annually process more than $36 billion in payments. The mobile payment market continues to represent a significant growth opportunity, as evidenced by the continued growth of Intuit’s North American mobile payment offering, GoPayment, in the United States and Canada. “Intuit has a long history in helping small businesses solve all their payments needs. We understand that getting paid is crucial to their success, and have seen how GoPayment helps their businesses grow,” said Chris Hylen, vice president and general manager of Intuit’s Payment Solutions division. “The payments opportunity for small businesses in the U.K. is significant, and this pilot is our first step to enabling small businesses around the world get paid – faster and easier.” Businesses interested in participating in the Intuit Pay pilot should visit www.intuitpay.co.uk. Suggested Links: Visit the following links for more information:
- Intuit Pay website: www.intuitpay.co.uk
- Image of Intuit Pay
- Photo of Rob Welch using Intuit Pay
- Infographic: Intuit Pay
- Intuit UK on Twitter, Facebook, Intuit Blog
Intuit Pay is a trading name of Intuit Ltd, which is registered with the Financial Services Authority as an approved agent of HSBC Merchant Services LLP. HSBC Merchant Services LLP is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (504290) for the provision of payment services.