Hey Minters! We’ve got some exciting news.
Intuit has signed an agreement to purchase Check. Based in Palo Alto, California, the company is a leader in mobile bill pay that serves 10 million registered users.
We are excited to bring their technology and expertise to the Intuit family.
What does this mean?
Intuit’s personal finance solutions, Mint and Quicken, have historically provided customers a look back at their transactions to help them plan for the future.
While these are important personal finance jobs that we’ll continue to focus on, there is a huge opportunity to help consumers solve every day financial tasks like bill pay and household budgeting.
In fact, a report by analyst firm, Aite Group, says that U.S. consumers were expected to pay more than 14.7 billion bills in 2013.
Online and mobile payments will account for nearly half of all bills paid in the same year.
Check has tapped into this trend by allowing customers to monitor bills and accounts, receive alerts when bills are due or funds are low, and pay bills automatically.
Its highly-rated mobile app automates and consolidates the bill pay process all in one place, reducing the complexity for you.
It’s business as usual until the deal closes (which we expect to occur sometime before July 31). You can continue to use Mint and Check separately.
We appreciate your continued loyalty and, together with the Check team, look forward to bringing you personal finance solutions that help you stay in control of your money.
Here’s the official press release with more details.
UPDATE (6/16/14): Intuit announced it has completed its acquisition of Check, a Palo Alto, Calif.-based leader in mobile bill pay that serves 10 million registered users.