Square Integrates mPOS Rival Intuit’s Accountancy Software

Square is integrating mPOS rival Intuit’s Quickbooks accountancy software into its platform for use by its small businesses customers in the US from 19 November.

Intuit, which sells its accountancy services in more than 100 countries, has already rebuilt Quickbooks as an open platform so it can be integrated with different solutions. Although the two companies are pushing their own mPOS solutions, they are not going head-to-head in any territories at present.

“Square is focused on helping businesses grow,” said Francoise Brougher, business lead at Square. “Our customers tell us often how important it is to have accurate and in-depth information about their business. Integrating with QuickBooks gives sellers another powerful tool to help them run their business more efficiently.”

Other payments news

Meanwhile Clinkle, which raised Silicon Valleys largest ever Series A round of $25m in June – including some cash from potential rival Intuit – has announced that Richard Branson has now made a personal investment.

The startup has given little away, saying it is simply rebuilding your analog wallet from the ground up to bring you the future of payment, but has revealed that 100,000 people have added their name to the waitlist.