Intuit Is Launching A Competing Bill Pay Offering; The Bill/Intuit Bill Pay Services Agreement Will Not Be Renewed, And Bill Customers Using Quickbooks Online Will Have To Access Bill Pay Features Through Bill.com
Portfolio Pulse from Benzinga Newsdesk
Intuit is launching a competing bill pay service, which will not renew its agreement with Bill.com. Customers using QuickBooks Online will have to access bill pay features through Bill.com.
August 07, 2023 | 1:42 pm
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POSITIVE IMPACT
Intuit's launch of its own bill pay service could potentially increase its revenues by keeping more services in-house.
Intuit's decision to launch its own bill pay service could potentially increase its revenues as it keeps more services in-house. This could make the company more attractive to investors, potentially driving up the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The termination of the agreement with Intuit could lead to a decrease in Bill.com's customer base and revenues.
The termination of the agreement with Intuit could lead to a decrease in Bill.com's customer base as QuickBooks Online users will have to access bill pay features through Bill.com. This could potentially lead to a decrease in revenues, which could negatively impact the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100