Better watch your back, Jack. Smartphone-payment player Intuit has formed an unholy alliance with AT&T to produce Intuit GoPayment for AT&T these guys love the sound of their own names in the hope of muscling in on Squares burgeoning smartphone mobile payments game. Time and money-poor small business people just need to insert the reader into the headphone socket of their phone or tablet and fire up the app. The partnership is offering faster deposits, no monthly service charge mind that 2.7 percent commission per use, though and the backing of a massive telecoms corporation. The service also forwards email receipts to customers and integrates with Quickbooks to save a further job when its the end of quarter. The partnership thinks that mobile transactions will be in the trillions and, understandably, want in on that action. After the break you can watch an informative video and read all the gory details in the joint press release.
It's my life, you're just along for the ride! 