Intuit buying bill-payment app Check for $360M

|About: Intuit Inc. (INTU)|By:, SA News Editor

Intuit (INTU) is paying $360M in cash and "other consideration" for Check, whose bill-payment/monitoring apps claim 10M registered users. The deal is expected to close in the July quarter.

Intuit declares Check provides it with "a critical consumer payments capability that will allow the company to streamline interactions between consumer and small business customers," and suggests it complements its Quicken and Mint personal finance products.

The WSJ first reported of Intuit's interest in Check in April. The tax software giant has been buying companies early and often in recent years.