QuickBooks parent Intuit has acquired mobile banking technology assets from Mobile Money Ventures, a provider of mobile applications to financial institutions.

Financial terms were not disclosed.

Intuit said the deal raises its profile as a provider of online and mobile technology to financial companies and wirehouses.

Currently, customers of more than 320 banks and credit unions use Intuit’s mobile web technology—which had already been provided by MMV an existing Intuit partner—as well as text messaging services and downloadable apps.

San Mateo, Calif.-based Mobile Money Ventures, a joint venture between Citigroup and technology concern SK Telecom Americas, was formed in 2008.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access