Intuit and make payments pact

Intuit and make payments pact

Intuit and person-to-person payments provider have entered a five-year agreement which makes the exclusive provider of Internet-based payment services for selected US Intuit products.

Under the agreement, customers using selected Intuit small business and personal finance products will be able to use's PayPal email payments system. In return, Intuit's products will be the exclusive small business and personal financial management products on the Web site.

The service will be made available within the next several months.

"Teaming with Intuit will allow to provide its Internet payment solution to potentially millions of new customers," says Reid Hoffman,'s senior vice president for business development.

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