Webster Bank Partners with Intuit to Offer Quicken TurboTax for the Web

Strategic Insights -

Webster Bank has entered into an agreement with Intuit to provide its customers with access to Quicken TurboTax for the Web, a digital version of the popular tax preparation software. This online service will enable users to prepare and file federal and state income tax returns with ease, providing a faster and more convenient experience compared to traditional desktop software. The partnership is part of Webster Bank's strategy to offer valued products and services to its customers through the web, and Intuit's expertise in e-finance will enable individuals and small businesses to better manage their financial lives.

Key Takeaways:

  • Webster Bank has partnered with Intuit to offer Quicken TurboTax for the Web, a digital tax preparation software, to its customers through its website.
  • The online service will enable users to prepare and file federal and state income tax returns with ease, providing a faster and more convenient experience.
  • Webster Bank's senior vice president of Internet Development, Francis P. Duggan, stated that this partnership is part of the bank's investment in the Internet to bring valued products and services to its customers.
  • Intuit is a leader in e-finance, developing and marketing Quicken, TurboTax, and QuickBooks software and services.
  • Webster Bank operates through a network of 125 banking offices, 200 ATMs, and offers telephone, video, Web, and PC banking services.
  • The bank also has subsidiaries specializing in trust and investment management, insurance, and online mortgage origination.

Statistics:

  • Webster Bank has $11 billion in assets, making it a significant player in the financial services industry.
  • The bank operates through a network of 125 banking offices and 200 ATMs.
  • Webster Bank's online mortgage origination subsidiary, Nowlending, provides low-cost mortgages to customers across the United States.

Sources:

  • Webster Bank investment in the Internet, announced on Business Wire on Jan. 12, 2000.
  • Intuit Inc. (Nasdaq:INTU) is a leader in e-finance, including financial software and Web-based services.
  • Quicken TurboTax for the Web, a digital tax preparation software, is provided by Intuit Inc.
  • Webster Bank's subsidiaries include Webster Trust, Damman Insurance Associates, and Nowlending.