Intuit Inc. : GoPayment Goes Global — First Stop Canada; Unveils Newly Designed, Free Credit Card Reader

January 10, 2012

Canadians Will Be Able to Easily Accept Credit Cards on Mobile Devices; Innovative Card Reader Improves Sales, Protects Data

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Canadiansnew GoPayment users in the U.S. can soon easily accept credit cards on a mobile device with the GoPayment appa newly-designed, free credit card reader.

GoPayment Card Reader (Photo: Business Wire)

(Nasdaq:INTU) today announced that it plans to take its free GoPayment mobile credit card appcard reader hardware global, with the first implementation in Canada. GoPayment will provide Canadian small businessesanyone who sells products or services with one of the first ways to easilyaffordably accept credit card payments on an iPhone, iPad or iPod touch device. Canada's mobile-savvy population coupled with Intuit's 18 years experience in Canada made the country a natural choice for Intuit's first international expansion of GoPayment.

In addition to this news, Intuit will soon begin shipping a free, newly-designed GoPayment Card Reader in both the U.S.Canada. This innovative card reader is a compact, cylinder-shaped device that helps maximize sales with new features that increase the accuracy of each card swipe. Providing greater security than available on other devices, it includes best-in-class, end-to-end encryption that protects a customer's sensitive credit card data from the moment a card is swiped.

GoPayment for Canadathe new GoPayment card reader will both be available in early 2012.

"We're taking two big steps forward today: announcing GoPayment in Canada,releasing a newimproved card reader," said Chris Hylen, vice presidentgeneral manager of Intuit's Payment Solutions division. "This is part of our strategy to offer GoPayment internationallyto innovate in ways that make it easier for our customers, in all markets, to never miss a sale."

GoPayment in Canada

In Canada, GoPayment will initially be compatible with iPhone, iPadiPod touch devices. Intuit will be first to market with mobile payments that require no start-up or equipment costs, no long-term contractsno monthly fees. Users simply pay a small fee per transaction. Small business owners who are interested in learning more about GoPayment, including how it works, the benefits for their businessspecific information around availability, can receive updates at .

New GoPayment Card Reader

The GoPayment card reader will be available in both the U.S.Canada. It attaches to the audio jack of the most popular iOSAndroid devices. It is designed for use on the goaddresses many of the problemschallenges that users confront when using competitors' card readers. It features a silicone sleeve that conforms to the phone or tablet to provide stability support to keep the reader from moving or spinning when swiping a card. Similar products typically spin on the audio jack, causing misreads of the credit cardrequiring the user to awkwardly hold the product in place while swiping.

In addition, Intuit improved the swipe channel to read cards accurately the first time by putting it on an angle, beveling itmaking it longer. These features help ensure an accurate read so a business owner doesn't have to swipe the card multiple timespotentially lose a salelook unprofessional.

About GoPayment

GoPayment helps small businessesanyone who sells products or services never miss a sale by easily processing credit cards wherever they go on their smartphone or tablet. GoPayment is ideal for mobile retailers or service providers such as photographers, hair stylists, locksmiths,landscapers. It's affordable with a free appcard reader with competitive, pay-as-you-go pricing.

With GoPayment users can ring up sales quickly by creatingselling from a list of frequently sold items. It's then easy to process payments within seconds while protecting sensitive credit card data with the latest encryption chip technology. For added protectionprofessionalism, customers can sign to approve transactionsask to receive a text or e-mail receipt with a map of where the purchase took place.

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About Intuit Inc.

is a leading provider of businessfinancial management solutions for smallmid-sized businesses; financial institutions, including bankscredit unions; consumersaccounting professionals. Its flagship productsservices, including , , simplify small business management, personal finance,tax preparationfiling. are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services helps bankscredit unions grow by providing on-demand solutionsservices that make it easier for consumersbusinesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal year 2011. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, Indiaother locations. More information can be found at www.intuit.com.

Contacts for U.S. media:
Intuit Inc.
Sharna Brockett, 650-224-0487
[e-mail]
or
Access Communications
Jen Garcia, 415-828-2514
[e-mail]
or
Contacts for Canadian media:
Intuit Inc.Canada
Jason Chennette, 905-366-9443
[e-mail]
or
Edelman
Mike Thomson, 416-849-8937
[e-mail]

Source: Intuit Inc.

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