Intuit

Eric Dunn, CTO
Nancy Tubbs, Product Manager, Interactive Billing
2525 Garcia Avenue
Mountain View, CA94039-7850
(650) 944-3037
www.intuit.com

Electronic Bill Pay Volume:
The estimated 3 million payments per month (plus/minus 25%) from Quicken, QuickBooks, and soon Quicken.com users, are processed by Checkfree and included in Checkfree’s total volume; Intuit owns 19.1% of Checkfree.

Claim to Fame: The top brand in PC-based financial management, and arguably the number one personal finance brand on the Web.

Status Report: Intuit continues its industry dominance with a 60% market share of electronic tax filings (OBR 2/99); 70+% share of PFM users; 75% share of the small biz accounting software market (OBR 9/98); estimated 15% share of the U.S. bill payment market; and leading personal finance Web site, Quicken.com.

Bill Presentment Plans:

•  The company first put a bill presentment module in Quicken 98, but has only had one biller using it, Florida Light & Power, www.fpl.com
•  More importantly, Quicken.com was slated to begin offering ebilling in first quarter 1999. Intuit has established a price of zero for billers presenting bills via standard OFX format, provided the biller agrees not to charge the user for the service.
•  One biller is in bill presentment trials using QuickBooks.