The new app from Intuit Inc. (Nasdaq:INTU - News) gives banks and credit unions a new way to meet their customers' growing demand for a wide array of technology solutions.

The application from Intuit's banking services division uses the iPad's built-in features to help bank customers and credit union members:

View account balances and account transaction history.
Transfer funds between eligible accounts.
Pay bills on the spot.
Locate nearby ATMs and branches.
Access their financial institution's mobile website.

"As tablets gain popularity, we needed to include the iPad application with our mobile banking offering," said Celeste Kier, vice president and marketing director with ESL Federal Credit Union in Rochester, N.Y. "We were immediately impressed with how the iPad app takes advantage of a larger screen size rather than functioning as a copy of the iPhone app. Customers immediately accepted it when we offered it in December and we continue to receive positive feedback from our members."

Banking Goes Mobile

The use of tablets has grown exponentially; manufacturers expect to sell more than 124 million units worldwide by the end of 2012.

Mobile banking trends reflect that growth. A recent Intuit study of 50,000 mobile banking customers found that people using a combination of online and mobile solutions are 45 percent more likely to interact with their financial institution than those who only go online. To give them peace of mind, the Intuit Tablet Banking App has complete end-to-end security, so consumers can safely access their finances anywhere, at any time.

"Consumers are more mobile than ever and that's changing how they access their banking information on a day-to-day basis via a multitude of devices," said CeCe Morken, senior vice president and general manager of Intuit Financial Services. "We understand the wide technology needs of consumers who want financial information at their fingertips, whether at home, on-the-go, or he-go, or at work. By expanding our offerings, we're helping banks and credit unions better serve some of their most active customers."