VISA AND INTUIT ANNOUNCE NEW ELECTRONIC FINANCIAL SERVICES FOR CONSUMERS
AND BANKING INDUSTRY

--Sets foundation for electronic banking for 12,000 U.S. banks, savings and
loans, and credit unions--

SAN MATEO, Calif. - Dec. 6, 1993 - Visa International and Intuit Inc.
(NASDAQ: INTU) today announced details of their electronic financial
services offering for the banking industry. The services will enable a
bank-branded, interactive electronic relationship between Visa member
institutions and their customers, using Intuit software running on a broad
variety of computing devices including personal computers and personal
digital assistants (PDAs) beginning in 1994.

Banc One Corporation, First Bank Systems, First National Bank of Omaha,
Meridian Bank and Wells Fargo Bank have already committed to supporting
Visa and Intuit in the development of the new services. Additional Visa
Members are also expected to announce their participation shortly.

Among the initial services which Visa member institutions will be able to
offer customers under their own brand names are:

* Electronic banking services. Account balance information and financial
transactions, such as intra-bank funds transfer.

* Statement delivery. Electronic delivery of customer Visa card and
checking account statement information, and automatic account
reconciliation.

* Access to bank-branded electronic bill payment services. Ability for
consumers to pay any individual or business nationwide.

Additional services will be added rapidly to accommodate the needs of
participating banks and their customers, according to officials of the two
companies.

Roger Peirce, executive vice president of Visa International, said "While
there are many electronic banking systems, both existing and proposed,
what makes the Visa/Intuit system unique is more than the coming together
of two leaders. Our approach uniquely combines the strength of Intuit's
easy to use financial software and Visa's extensive systems and networking
capabilities to enable our Members to provide their customers easy access
to personal financial information and services."

Peirce continued, "As we have been developing these services, we have been
listening to and working with our Members to ensure that our services meet
individual bank needs. We believe we have the right combination necessary
to help our Members achieve customer acceptance and adoption of these new
service offerings."

Scott Cook, president of Intuit, added, "Millions of consumers and small
businesses are eager to have an electronic relationship with their banks,
but the sheer number of banks and technology differences between them have
made it virtually impossible for us to address that desire. Visa brings
the standards that resolve these differences, as well as the systems,
security, stability, scale -- and, above all, the knowledge of the needs
of its thousands of Members -- that are essential to the creation of an
electronic banking system with the critical n ass to succeed."

Cook continued, "Intuit's mission has always been to automate finances. Our
software solutions have done this well, delivering not just data, but
insight and understanding. Now, our strategic partnership with Visa and
its Members, coupled with advances in communications and computing
technology, allows us to fulfill that mission in new and tremendously
powerful ways, by giving people access to their most important financial
relationships -- any time, anywhere."

Wes Tallman, executive vice president of Visa International, noted that
preliminary response from the banking community regarding these services
has been very positive, as evidenced by their enthusiasm and participation
during the initial development phase. He said, "Member institutions see
these services as a logical and valuable enhancement to Visa's integrated
debit strategy. Using their own institution's branding, these services
will help our Members differentiate themselves and forge even stronger
relationships with their customers."

Under the service mark "IntelliBanking," Intuit will initially provide
support for services through Quicken, the nation's leading personal
finance software program, as well as through QuickBooks, the nation's
leading small business accounting software package, and Pocket Quicken,
available on an increasing number of PDAs and other mobile computing
platforms.

Intuit has been at the forefront of electronic financial services for
years, having offered similar functionality in its Quicken products,
starting with its patented Accuret statement reconciliation process in
1987, electronic bill payment in 1989, and IntelliCharge credit card
tracking (patent pending) introduced in 1992. Intuit's customer base of
over 5 million active users is more than 6 times larger than that of any
other company that makes financial software.

Visa is the largest consumer payment system in the world, with more than
10.5 million acceptance locations and 318 million cards issued worldwide,
including 160 million in the United States. Visa also has the leading
global ATM network.

Intuit develops and markets products and services that enable households
and small businesses to automate commonly performed financial tasks.
Quicken, the company's original product, allows users to automate their
personal finances. In April 1992, the company introduced QuickBooks, its
first small business accounting product. In June 1993, Intuit announced
Pocket Quicken for the Tandy/Casio Zoomer PDA. To complement Quicken,
QuickBooks and its other software products, Intuit offers a broad range of
supplies, including checks, invoices and forms. In addition, the company
has a number of service offerings, such as IntelliCharge, that work with
its software products to further automate financial tasks.

Intuit Inc
155 Linfield Ave, PO Box 3014
Menlo Park, CA 94026-3014
415-322-0573

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