Intuit Offers Apple Pay on the Invoice to Help Small Businesses Increase Cash Flow
October 17 2016 - 4:38PM
Business Wire
With QuickBooks Online and Apple Pay, Small
Businesses Can Get Paid Faster
QuickBooks Online will be one of the first small business
platforms enabling merchants to get paid quickly and easily on
outstanding invoices via newly launched Apple Pay on the web,
Intuit Inc. (Nasdaq:INTU) announced today.
Now that Apple Pay is available on the web, QuickBooks customers
using the Safari browser can view and pay invoices with a single
touch. This unique benefit for small businesses on the QuickBooks
platform can give small business owners a new, fast and protected
option for improving their invoicing cash flow. QuickBooks Online
is the# 1 global cloud accounting software with more than 1.5
million small business customers around the world.
“A recent Intuit survey found that almost 70 percent of small
business owners felt that giving their customers more ways to pay
will help them get paid faster, boosting their cash-flow and
enabling long-term success,” said Vinay Pai, vice president and
head of Intuit Developer Group. “In addition to being a first mover
with Apple Pay, the QuickBooks platform gives small businesses the
ability to integrate the tools they use to run their business,
providing a simple, integrated view of their business performance
and cash flow.”
Intuit will be adding Apple Pay to the suite of payments
offerings that already integrate with QuickBooks Online to address
a persistent small business problem. On average, it takes small
businesses who do not use an online payment offering 28 days to get
paid, and 64 percent of small businesses have invoices that go
unpaid 60 days or more. However, small business owners who accept
payments with QuickBooks Online get paid on average 15 days sooner,
almost twice as fast as those who don’t use on an online payment
offering.
The integration between two globally recognized brands,
QuickBooks Online and Apple Pay, will enable small businesses to
accept a new form of payment through the QuickBooks Invoice. Key
benefits include:
- Getting Paid Faster – QuickBooks
Invoicing and Apple Pay offer small businesses customers the
ability to view and pay an invoice with a single touch is single
touch an accurate statement? without having to spend time searching
for their wallet and finding the right card. QuickBooks customers
can have Apple Pay enabled automatically on their invoices. For
small businesses this could mean less time with collections and
more time growing their business.
- Increasing Protection –
Transactions made with Apple Pay on a customer’s Mac, iPhone or
iPad require Touch ID – Apple’s fingerprint reader – authentication
or passcode, helping to decrease fraud and chargebacks. In
addition, small businesses don't receive the customer’s actual
credit or debit card numbers when they pay with Apple Pay.
- Saving Time on Accounting –
Detailed transactions from Apple Pay will be automatically entered
and categorized in QuickBooks Online, saving small businesses
valuable time because they don’t need to manually enter their sales
data.
For more information, visit:
https://quickbooks.intuit.com/integrations/applepay
About Intuit Inc.
Intuit Inc. creates business and financial management solutions
that simplify the business of life for small businesses, consumers
and accounting professionals.
Its flagship products and services
include QuickBooks® and TurboTax®, which make it
easier to manage small businesses and tax preparation and
filing. Mint provides a fresh, easy and intelligent way
for people to manage their money, while Intuit's
ProConnect brand portfolio includes ProConnect
Online, ProSeries® and Lacerte®, the company's leading
tax preparation offerings for professional accountants.
Founded in 1983, Intuit had revenue of $4.7 billion in its
fiscal year 2016. The company has approximately 7,900 employees
with major offices in the United States, Canada,
the United Kingdom, India, Australia and other
locations. More information can be found
at www.intuit.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161017006548/en/
Intuit Inc.Zoey Farooq,
650-944-4839zoey_farooq@intuit.comorAccess Emanate
CommunicationsJen Garcia, 415-844-6244jgarcia@accesspr.com
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