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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intuit    INTU

INTUIT

(INTU)
  Report  
Real-time Quote. Real-time Cboe BZX - 11/20 03:38:13 pm
272.74 USD   +0.18%
11/18INTUIT INC. : quaterly earnings release
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Intuit : Visa launch instant payments for merchants using QuickBooks

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10/09/2019 | 11:46am EST

Intuit Inc.'s QuickBooks announced a new service called Instant Deposit that allows small business owners to get real-time access to their funds through the Visa Direct push payments platform.

The service allows merchants using QuickBooks Payments to process real-time disbursements from their accounts to an eligible debit card. 

"Currently Instant Deposits is designed for merchant settlement, which will allow merchants to pay vendors and other out of pocket expenses by freeing up working capital," a spokesperson told Mobile Payments Today. "Visa's vision is to enable most cloud accounting platforms to use a Visa Direct transaction to facilitate faster merchant settlement, with plans to continue to drive faster payments for payroll and loan disbursements, ultimately providing a multi-tenant solution to help small businesses manage their cash flow."

The Instant Deposit service has begun to roll out to QuickBooks Payments customers and will be generally available in the U.S. by the end of the year. 

Cover image courtesy of Intuit.
 

Copyright © 2019 Networld Media. All rights reserved., source Industry News

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Financials (USD)
Sales 2020 7 509 M
EBIT 2020 2 548 M
Net income 2020 1 675 M
Finance 2020 3 545 M
Yield 2020 0,74%
P/E ratio 2020 41,0x
P/E ratio 2021 36,7x
EV / Sales2020 8,96x
EV / Sales2021 7,90x
Capitalization 70 808 M
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Technical analysis trends INTUIT
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 279,05  $
Last Close Price 272,26  $
Spread / Highest target 19,4%
Spread / Average Target 2,49%
Spread / Lowest Target -30,2%
EPS Revisions
Managers
NameTitle
Sasan K. Goodarzi President, Chief Executive Officer & Director
Brad D. Smith Executive Chairman
Michelle M. Clatterbuck Chief Financial Officer & Executive Vice President
Atticus Tysen Chief Information Officer & Senior Vice President
Marianna Tessel Chief Technology Officer
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