On-Line Banking Boom Spurs Intuit to Expansion Downers Grove Firm Opens in Aurora

By Roeder, David | Daily Herald (Arlington Heights, IL), January 31, 1996 | Go to article overview

On-Line Banking Boom Spurs Intuit to Expansion Downers Grove Firm Opens in Aurora


Roeder, David, Daily Herald (Arlington Heights, IL)


Byline: David Roeder Daily Herald Business Writer

On-line banking is turning into a jobs generator for DuPage County.

Intuit Services Corp. in Downers Grove, the leading processor of on-line and bill-payment services that banks offer via computer, is adding to its payroll.

Last fall, the company had 80 employees. It now has 160 and it's ready to open a second, larger office in Aurora, Chairman Bruce Burchfield said Tuesday.

"We're growing dramatically here and have ever since the fall" when his company's parent, Intuit Inc., issued an update of its Quicken money management software, he said. The new 5.0 version permits on-line banking for those institutions offering the service.

On Tuesday, Intuit announced contracts with 15 financial institutions to provide on-line services. That brings to 37 the number of institutions working with Intuit.

But while the news came from Intuit's headquarters in Mountain View, Calif., the work will be done in DuPage.

Burchfield said Intuit's roster of on-line accounts will grow exponentially, justifying his company's expansion into the Meridian Business Park in Aurora, on the border with Naperville.

He declined to say how many employees the new office can accommodate but said it allows for ample growth. …

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