Intuit and Visa team on instant deposits of Funds Anytime, Anywhere for Small Businesses

As a fact cash flow is one of the most significant challenges facing a small business' growth, to address this ever-growing challenges Intuit has come out with a solution to help small business owners get a grip of their cash flow through a QuickBooks instant deposits feature that taps Visa's real-time push payments technology.

In fact, 69% of small business owners have been kept up at night about issues related to cash flow and 61% of businesses have regular issues with cash flow 1. In an effort to continue to solve cash flow issues for small business owners.

Intuit Inc. QuickBooks announced Instant Deposit, a new feature that enables real-time 2 disbursements for small business owners using QuickBooks Payments to directly access funds with their eligible debit card using Visa Direct, Visa’s (NYSE: V) real-time 3 push payments solution.

By integrating Visa Direct capabilities into the Instant Deposit feature, merchants using QuickBooks Payments will now be able to deposit their funds directly into their bank accounts linked to an eligible debit card, whenever they need it - 24 hours a day, 7 days a week.

Bill Sheley, SVP, global head, Visa Direct, says: By partnering with another industry leader like Intuit QuickBooks, we are embedding Visa Direct’s convenient, secure and real-time capabilities to help make cash flow problems for small businesses a thing of the past.