Intuit QuickBooks Canada and Dream Payments launch new integration to help entrepreneurs get paid faster
TORONTO, ON – Feb. 23, 2017 – Today, QuickBooks, Canada's leading financial management software launched an integration with Dream Payments, a leading cloud-based Mobile Point-of-Sale (POS) solution for small and medium size businesses nationwide. QuickBooks Online customers can now sync with the Dream Payments app to seamlessly accept Chip and PIN payments like Interac®, Visa*, and MasterCard®, mobile wallets like Samsung Pay, and cash payment methods. For Canadian small business owners, cash flow remains the number-one stressor, with 32 per cent citing it as their primary concern . This new integration powered with the Dream Payments app and Mobile POS device can help small businesses get paid faster, improve their access to capital, and better manage their cash flow.
“The new Dream Payments-QuickBooks Online partnership is designed to meet two critical customer needs; a point of sale solution that offers small businesses the flexibility to accept Interac® Debit, credit card or cash payments from anywhere, and the power to access real-time business insights by directly syncing these sales in QuickBooks,” said Jeff Cates, president, Intuit Canada. “I’m thrilled that this integration was developed by Canadian entrepreneurs for Canadian entrepreneurs to fuel small business success nationwide.”
“Together Dream and QuickBooks are simplifying some of the most complex aspects of running a successful business,” said Brent Ho-Young, CEO, Dream Payments. “Dream’s seamless integration with QuickBooks Online enables users to automatically reconcile all sales transactions instantly within QuickBooks, including taxes, fees and inventory, as well as collect and close open invoices. Together we’re providing a complete cloud based solution that enables businesses to accept payments and get up to date performance metrics anytime, anyplace.”
With 1.3 million payment terminals in Canada and growing, there has been a gap in the market for an affordable and comprehensive mobile point of sale solution to replace legacy countertop payment terminals. Canadian businesses are looking for secure, low cost, and mobile payment solutions. Through this partnership, businesses benefit from an affordable cloud based solution that allows them to be paid faster, gather valuable analytics, and manage their business on the go.
With half of all new businesses in Canada failing before their fifth year, Intuit has made a long-lasting commitment to providing an ecosystem of innovative products and services that will help Canadian entrepreneurs build a solid foundation. The integration of Dream Payments is the latest in a strong list of incredible Canadian startups that Intuit has partnered with to help better serve small businesses. In addition to Dream Payments, the Canadian startup ecosystem has produced several of Intuit’s best-in-class app partners, including Shopify, HubDoc and Jobber, who help us to collectively enable the success of entrepreneurs.
About Intuit Inc.
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals.
Its flagship products and services include QuickBooks® and TurboTax®, which make it easier to manage small businesses and tax preparation and filing. Mint.com provides a fresh, easy and intelligent way for people to manage their money, while Intuit's ProConnect brand portfolio features ProFile, Canada’s leading tax preparation for professional accountants.
Founded in 1983, Intuit had revenue of $4.7 billion in its fiscal year 2016. The company has approximately 7,900 employees with major offices in the United States, Canada, the United Kingdom, India, Australia and other locations. More information can be found at www.intuit.com.
About Dream Payments Dream Payments is a financial technology company powering payments across mobile devices and the Internet of Things (IoT) in partnership with financial institutions. Dream's turn-key solutions include mobile point-of-sale (MPOS) applications, mobile payment terminals, remote device management, customer onboarding and secure payment processing. Dream connects financial institutions, merchant acquirers, retailers and value-added apps to deliver services that meet the demands of today's businesses, and is the only platform that enables EMV payment terminals that accept Interac® Debit, Visa and MasterCard to be sold off-the-shelf with instant activation. Dream is headquartered in Toronto, Ontario. For more information, visit dreampayments.com.
Chief Marketing Officer
Dream Payments Corp.