Intuit Inc. (NASDAQ: INTU) said it has entered into a definitive agreement to purchase Check, a Palo Alto, Calif.-based leader in mobile bill pay.
The acquisition will help accelerate Intuit´s ability to offer bill pay across small business and personal finance products and create opportunities to retain, attract and serve additional customers.
Check´s highly-rated mobile app automates and consolidates the bill pay process all in one place, reducing the complexity for consumers. Check customers can monitor bills and accounts, receive alerts when bills are due or funds are low, and pay bills automatically.
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Founded in 1983, Intuit had revenue of USD4.2bn in its fiscal year 2013. Its website is at www.intuit.com.