
Internet Banking Solutions Intuit Financial Services
| Consumer Solutions | Business Banking | | Program Benefits | Program Contacts |
| Web Center | | Online Financial Management |
The FinanceWorks Personal Financial Management solution by Digital Insight is featured in the December 2009 Community Banker Tech Outlook column. Download article. Copyright © 2009 by the American Bankers Association, 1120 Connecticut Ave., NW, Washington, DC 20036. All rights reserved.
Intuit Financial Services (formerly Digital Insight) helps banks grow by making it easier for consumers and businesses to manage their money. The company's portfolio of on-demand solutions and services are built on insights gained over three decades working with customers and creating innovative offerings that anticipate their needs.
More than 9 million consumers and businesses use Intuit Financial Services solutions through its nearly 1,900 financial institution clients.
CONSUMER SOLUTIONS
Intuit Financial Services helps make the bank's Web site the center of your customers' lives where they can manage their finances looking forward and perform transactions based on a complete financial picture. Employing Intuit's pioneering product development principles of customer-driven innovation (CDI) that led to market-leading solutions like Quicken® and TurboTax®, Intuit Financial Services Consumer Solutions solve important everyday financial problems in a way that inspires consumer confidence and reliance. Intuit Financial Services' Consumer Solutions include:
More on Consumer Solutions.
Intuit Financial Services incorporates and provides experiential intelligence gained from analyzing the online banking behaviors of 150,000 businesses to build a solution that creates user delight and enthusiasm. This translates into a competitive edge for your bank gained through a sophisticated, yet simple-to-use Business Banking platform that answers the needs of every business, from small businesses to large corporate entities. Intuit Financial Services Business Solutions include:
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Cash Management
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ACH / Wires
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Payroll Services
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Invoicing
More on Business Banking Solutions.
WEB CENTER
Online users demand that online banking be as intuitive as an ATM, as trustworthy as walking into a branch, and more useful than both. Intuit Financial Services Web Services is your bank's key to all three. Intuit Financial Services creates a Web presence that articulates the bank's business vision and helps bring value and profitability to its online channel. Then once the site is built, Intuit Financial Services can host it within our state-of-the-art, Level 2 SAS-70 and FFIEC compliant hosting environment. Intuit Financial Services Web Center is a powerful content management system that lets you drive the direction and decisions of the bank's site through user-friendly administrative tools with no technical training required.
More on Web Center.
BACKGROUND
In February 2000, the American Bankers Association (ABA) through its subsidiary, the Corporation for American Banking (CAB), awarded its endorsement to Intuit Financial Services (formerly Digital Insight) for its Internet Banking and Business Banking solutions. Later that same year, the endorsement was extended to include Intuit Financial Services' Lending Solutions and eCommerce products, including Web. And, in 2010, the endorsement was expanded to include Intuit Financial Services' online financial management solutions, including FinanceWorks and TurboTax for Online Banking.
More than 9 million consumers and businesses use Intuit Financial Services solutions through its nearly 1,900 financial institution clients
PROGRAM BENEFITS
Intuit Financial Services is committed to helping financial institutions retain and grow profitable customers.
Financial institutions offering FinanceWorks or TurboTax for Online Banking have typically found that providing online financial management capabilities can deliver tangible business benefits:
- FinanceWorks users are up to four times more profitable than the average bank customer and have twice as many accounts.
- FinanceWorks users have nearly 30 percent higher loan balances and tend to have higher incomes.
- FinanceWorks users log in to online banking twice as often as active online banking users, and are more active online bill payers (61 percent vs. 41 percent of online bankers).
- FinanceWorks users are so highly satisfied with the online financial management experience that 78 percent would recommend their financial institution based on the solution.
- More than 90 percent of people who tried TurboTax for Online Banking during pilot testing who received a tax refund direct deposited that refund with the financial institution that offered the service.
According to a February 2010 analysis, Intuit Financial Services financial institution clients that regularly participate in the company's Growth and Retention Services quarterly campaigns experience almost three times higher Bill Pay growth than those clients who do not.
PROGRAM CONTACTS
Intuit Financial Services
5720 Peachtree Parkway
Norcross, GA 30092
Contact: Ernie Buday Tel: (770) 349-1273
Web site: http://ifs.intuit.com
CAB CONTACT PERSONS
Steve Polestak Tel: (202) 663-5577 Lisa Gold Schier Tel: (202) 663-5098 Robin Gordon Tel: (202) 663-5128
Questions? Please contact Jackie Lucas for more information.
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