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ntuit has debuted QuickBooks Money, a payments and banking application for small businesses.
Intuit plans to add subscription-free access to other QuickBooks small business products, such as bill pay, in-person payment, and lending.
Intuit says there are no monthly fees or minimum balances required to use Money. The system is designed to send invoices or payment requests and receive same-day payments.
Funds in Money are covered with FDIC insurance for up to $5 million. Intuit says this is made possible via a feature that automatically sweeps balances above $250,000 to a network of FDIC-insured banks.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
