Intuit pilots mobile payment service

Financial software company Intuit is piloting a mobile payment service, Inuit Pay, for small businesses in the UK.

Financial software company Intuit is piloting a mobile payment service, Intuit Pay, for small businesses in the UK.

Intuit Pay transforms a mobile device into a payment terminal using an app that connects to a chip-and-PIN card reader. The service will also allow merchants to accept payments online.

Intuit Pay has been approved by both Visa and MasterCard. The company is aiming to give Intuit Pay an edge in an increasingly crowded market with the acceptance of the product by two of UK’s major issuers and its existing relationship with small business customers through products such as Quick Books (a financial management programme).

Earlier in November, Swedish company iZettle announced the launch of its mini-chip card readers in the UK aimed at small businesses and tradespeople. This was swiftly followed by an announcement from payment processing giant WorldPay that it was targeting micro-merchants with a smartphone card acceptance device.

Chris Hylen, vice president and general manager of Intuit’s Payment Solutions division, said:

"Intuit has a long history in helping small businesses solve all their payments needs. We understand that getting paid is crucial to their success. The payments opportunity for small businesses in the UK is significant, and this pilot is our first step to enabling small businesses around the world get paid – faster and easier."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Electronic Payments International.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Electronic payment transaction company Global Payments will provide the payment services for Intuit Pay.

Related articles:

iZettle launches in Britain with EE

WorldPay extends micro-merchant pilot Smartphone acceptance service