So now Intuit owns a bank? What next? A lot.Intuit's recent purchase of Digital Insight, which provides online services to banks, follows a logical series of moves by Intuit into consumer financial services that also have implications for the business market.

The deal itself: Digital Insight provides the online banking and bill payment services for 1,760 institutions. Intuit is paying about $1.35 billion in cash and stock for a company that had $214 million in revenue for 2005 and had $149 million for the first three quarter of 2006.

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