Intuit Releases a Mobile Payment System-compatible Debit Card for Small Business Owners

Tuesday, December 27th, 2011
Updated: December 27th, 2011
The content is accurate at the time of publication and is subject to change.

As part of its GoPayment mobile payment service program, Intuit has just unveiled a prepaid GoPayment Visa Card, with the express purpose of assisting small business owners in better managing their cash.

American software company Intuit has recently released its own debit card which is linked to its signature mobile payments service GoPayment. The Intuit card is targeted towards small business owners looking for an easy means of keeping their cash organized.

“In addition to helping them get paid, we’re helping them make payments. This is just the beginning. Intuit will roll out new, innovative features for GoPayment that help users make payments in a variety of ways,” said Chris Hylen, the vice president and general manager of Intuit’s Payment Solutions division, according to online news source Venture Beat.

GoPayment’s biggest competitor is Square, the electronic payment service that allows merchants to accept credit and debit card payments via their iPhone, iPad or Android device. Square announced recently that Virgin mogul Sir Richard Branson, became an investor during their $100 million round of funding. They signed up their one millionth merchant to the service not long ago.

Also compatible with Blackberry mobile devices, GoPayment functions in much the same manner as Square – the user inserts a small payment card reader into the audio jack of their smartphone or tablet device and utilizes a downloadable application to read and process the incoming card data, including the processing of signatures.

As more and more consumers warm to the notion of using mobile payment systems for monetary transactions, the marketplace for the innovative technology is definitely heating up.

Internet marketing research company comScore reported that 38% of smartphone owners have made at least one mobile payment. 2011’s Cyber Monday saw a significant jump in mobile purchasing for business such as PayPal.

In addition to serving their customers, small business have other banking needs that must be met. Many owners of small businesses rely upon their own personal bank accounts to fund their business on a daily basis. Intuit addresses the dire need for the separation of business and personal finances by now allowing the transfer of funds onto a prepaid GoPayment debit card.

All transactions occurring during the GoPayment process will be allocated to the card for business use. The card, issued by Bankcorp bank, is Visa-licensed and is welcomed everywhere Visa debit cards are accepted. Money can also be transferred from the card into a bank account.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Prepaid & Debit Card News

Thursday, July 19th, 2018
When you’re booking a trip, how do you prefer to pay for it? If you said debit card or cash rather than credit card, you’re not alone.
Tuesday, January 30th, 2018
If opening up your mail brings a feeling of dread, because you don’t want to see how much you owe to which credit card companies, you’re not alone. Many Americans are struggling ...
Tuesday, August 29th, 2017
Online shoppers with American Express cards will have a faster checkout experience at Delta Air Lines, Hulu, Neiman Marcus, Staples, 1-800-FLOWERS.COM, and many other sites, ...
Thursday, March 2nd, 2017
A survey of military families found that their number one goal was to cut back on spending and get out of debt in the coming year.
Wednesday, October 12th, 2016
A startup launching in 2017 is planning to give debit cardholders the same type of rewards that credit cardholders enjoy now. The Zerocard would be a Visa card attached to the ...
Best Credit Offer
Midnight Prepaid Visa® RushCard
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Horizon Gold Credit Card
Copyright © 2001-2018 BestCreditOffers.com All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

Disclosure: Not an access card.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.