U.S. Bank and Intuit Agreement Makes It Simpler for Customers to Share Information Between Applications
July 25 2019 - 8:00AM
Business Wire
U.S. Bank and Intuit, the maker of TurboTax, QuickBooks and
Mint, announced today the two companies have entered into an
agreement that will give customers better access and even greater
control of their financial data.
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The arrangement will allow customers of U.S. Bank and Intuit to
connect their data using an application programming interface (API)
between their U.S. Bank account and Intuit’s financial products.
The process enhances the customer experience by making it simple to
authorize the connection for the customer while not requiring the
user to give their credentials to a third party. The direct
connection through the API provides a higher quality data exchange
when a customer asks to have their information connected to a
third-party site.
U.S. Bank customers will also be able to select the accounts and
information they wish to authorize access directly to Intuit
products, and those they do not.
Protecting customer data is the highest priority for both U.S.
Bank and Intuit. The API enhancements are just one of the many ways
U.S. Bank works to help ensure the privacy and protection of a
customer’s personal information.
“U.S. Bank partnering with Intuit is an important step in making
it even simpler for our customers to access their financial data,”
said Gareth Gaston, executive vice president of Omnichannel at U.S.
Bank. “Our customers have more choices than ever to help them with
their financial health – ranging from our newly redesigned mobile
app to improved connections through third-party applications like
Intuit’s Mint, TurboTax and QuickBooks.”
The agreement is the first of several planned between U.S. Bank
and companies that can enable customers to share their data with
popular financial tools.
“At Intuit, we are focused on delivering a high-quality,
seamless and secure customer experience, allowing millions of
consumers, small businesses and the self-employed to meet their
financial goals,” said Rajneesh Gupta, vice president of Financial
Institutions at Intuit. “Utilizing the best and most secure way to
access customer data is paramount to the work that we do – and this
partnership with U.S. Bank is an important part of that work.”
About U.S. Bancorp U.S. Bancorp, with 74,000 employees
and $482 billion in assets as of June 30, 2019, is the parent
company of U.S. Bank, the fifth-largest commercial bank in the
United States. The Minneapolis-based bank blends its relationship
teams, branches and ATM network with mobile and online tools that
allow customers to bank how, when and where they prefer. U.S. Bank
is committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment
services customers across the country and around the world as a
trusted financial partner, a commitment recognized by the
Ethisphere Institute naming the bank a 2019 World’s Most Ethical
Company. Visit U.S. Bank at usbank.com or follow on social media to
stay up to date with company news.
About Intuit Intuit’s mission is to Power Prosperity
Around the World. Our global products and platforms, including
TurboTax, QuickBooks, Mint and Turbo, are designed to empower
consumers, self-employed and small businesses to improve their
financial lives, finding them more money with the least amount of
work, while giving them complete confidence in their actions and
decisions. Our innovative ecosystem of financial management
solutions serves approximately 50 million customers worldwide,
unleashing the power of many for the prosperity of one. Please
visit us for the latest news and in-depth information about Intuit
and its brands and find us on social.
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version on businesswire.com: https://www.businesswire.com/news/home/20190725005121/en/
Antoine J. LaFromboise, U.S. Bank antoine.lafromboise@usbank.com
612-303-0793
Scott Fulmer, Intuit scott_fulmer@intuit.com 415-309-1911
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