American Express Serve, in collaboration with Intuit, is offering tax preparers a new integrated disbursement option that allows their clients to receive eligible IRS tax refunds on a new American Express Serve Card, a full-service reloadable prepaid account.
With this option from American Express Serve, tax preparers using Intuit’s ProSeries and Lacerte software can seamlessly register clients for a Serve Account during the tax return preparation process.
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Once funds are transferred from the IRS, clients will receive their refund directly onto their new account.
CeCe Morken, senior vice president and general manager of Intuit’s Professional Tax Division, said: "This is truly a win-win experience for both our small business tax professionals and their clients.
"Tax preparers can grow their practices – offering more convenience and flexibility – while helping their clients keep more of their hard earned money by securing their refunds without incurring costly check cashing fees."
Stefan Happ, general manager, U.S. Payment Options, Enterprise Growth at American Express, said: "By teaming with Intuit, we’re very excited to bring to market a solution for tax preparers to offer their clients a fast and convenient way to receive their IRS refunds because they no longer have to wait on a paper check.
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By GlobalData"With Serve, clients will also be able to access a number of features including the ability to set money from their IRS refund aside for future purchases in a linked Reserve account, spend using their permanent Serve Card virtually anywhere American Express® Cards are accepted and withdraw funds using the MoneyPass ATM network."
