Fintech

QuickBooks Get Paid Upfront Allows Eligible Small Businesses to Access up to $30,000 in Unpaid Invoice Funds;

QuickBooks Early Pay Provides Small Business Employees Access to Money Before Payday

Intuit QuickBooks today announced two new products that provide small businesses and their employees with faster access to their money in an effort to give them greater cash flow flexibility so they can succeed and prosper. With QuickBooks Get Paid Upfront , eligible QuickBooks Online customers can eliminate the wait to be paid on outstanding invoices and put their earned money to work faster. QuickBooks Early Pay will provide eligible employees paid through QuickBooks Online Payroll with the option of instant 1 access to money between paydays. Both new products are the latest innovative fintech offerings from INTUit (Nasdaq: INTU), the global technology platform that makes TurboTax , QuickBooks , Mint , Credit Karma , and Mailchimp .

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220127005272/en/

(Photo: Business Wire)

(Photo: Business Wire)

"Faster access to money is a universal need among small businesses and the people they employ," said Alex Chriss, EVP and General Manager of Intuit QuickBooks Small Business and Self-Employed Group. "By making financial services available across the QuickBooks platform when and how small business owners and their employees need them most, we unlock even more benefit and value for our customers and greater opportunities for them to achieve prosperity."

QuickBooks Get Paid Upfront
Get Paid Upfront is fast, seamless and works on a business owner's schedule. Small businesses still wait an average of 29 days to get paid and 64% have outstanding unpaid invoices after 60 days.

With Get Paid Upfront, small businesses now have the ability to apply for upfront advance of funds from one or more qualifying invoices, up to a total of $30,000, in just a few clicks. Customers pay one flat fee of 3% per financed invoice and invoices are financed interest free for the first 30 days. 2 There are no additional ACH or credit card transaction fees charged to the small business owner when a customer pays the invoice through QuickBooks Payments within the first 30 days. 3

Get Paid Upfront is designed with simplicity and speed in mind. The customer experience is integrated end-to-end, with eligibility, funding, and repayment all happening directly through the QuickBooks platform. Get Paid Upfront delivers faster access to funds while eliminating burdensome processes small businesses typically face with third-party invoice financing solutions. Invoice proceeds are funded directly to the small business owner while their customer sees nothing different and pays as they usually would through QuickBooks Payments.

QuickBooks Early Pay
QuickBooks Early Pay is the newest feature within QuickBooks Online Payroll designed to meet the needs of small business employees by making access to money available between paydays. Nearly 40 percent of Americans say they would struggle to pay an unexpected $400 emergency expense. But with Early Pay, in just a few steps, an eligible employee will be able to apply for funds personalized for them based on their pay history to help offset unexpected expenses or ease financial stress. Employees can choose to receive those funds instantly 1 or within 1-2 business days. Early Pay will be included in QuickBooks Online Payroll at no additional cost to employers, with no impact on their books or payroll.

Early Pay, available soon, reflects QuickBooks' commitment to not only meet the needs of small business owners with access to full-service payroll capabilities but to also provide employee benefits that positively impact their financial health and well-being.

Both Get Paid Upfront and Early Pay leverage QuickBooks' expansive financial services expertise, including in payments, payroll, and access to capital:

  • Last year, QuickBooks processed $91 billion in payments volume, and $1.5 trillion of invoices are created in QuickBooks every year.
  • One in 5 small businesses use QuickBooks Payroll, with a total volume of $232 billion.
  • QuickBooks Capital has facilitated more than $1 billion in loans to small businesses since 2017.

By integrating critical offerings across the QuickBooks platform, QuickBooks is able to unlock faster and more seamless access to earnings for small businesses and their employees.

Intuit QuickBooks has partnered with WebBank, the lender of both the Early Pay and Get Paid Upfront products, to offer Early Pay in the coming months and launch Get Paid Upfront, 4 which is currently available to eligible QuickBooks small business customers nationwide. This partnership will help QuickBooks expand the reach of both these capital-focused fintech solutions, combining WebBank's expertise in innovative lending solutions with Intuit's legacy of money movement leadership.

More information on QuickBooks Get Paid Upfront is available here .

About Intuit:
Intuit is the global technology platform that helps consumers and small businesses overcome their most important financial challenges. Serving more than 100 million customers worldwide with TurboTax , QuickBooks , Mint , Credit Karma , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit, our products and services, and find us on social .

Disclaimers:

1 QuickBooks Early Pay loans funded via instant transfer are typically deposited within 30 minutes.
2 Interest will begin to accrue on any outstanding QuickBooks Get Paid Upfront loan balance after the first 30 days.
3 Not available for customer invoice payments made through GoPayment, Pay links, or QBO Receive Payment experience.
4 QuickBooks Get Paid Upfront loans and QuickBooks Early Pay loans are issued by WebBank. Application and approval required.

Intuit QuickBooks:
Dan Mahoney
dan_mahoney@intuit.com

Jennifer Garcia
jeng@theaccessagency.com

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INTU
Mako Identifies 2KM Gold Anomaly at Korhogo, Maiden RC Drill Program Imminent

Mako Identifies 2KM Gold Anomaly at Korhogo, Maiden RC Drill Program Imminent

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received the results of the 11,000m auger drilling program on the Ouangolodougou and Korhogo Nord permits which constitute the Korhogo Project1 . The permits collectively cover 296km2 hosting 17km of faulted greenstone granite contact as shown in Figure 1. Both permits are 100% owned by Mako and are readily accessible from the Mako Field Office.

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PayPal Announces Expiration and Results of Debt Tender Offer

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the expiration and results of its previously announced offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the "Notes"). Each reference to an "Offer" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the "2022 Notes") or the 1.350% Senior Notes due June 2023 (the "2023 Notes"), as applicable.

The Offer was made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as amended or supplemented from time to time, the "Offer to Purchase"), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

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PayPal Announces Pricing of Debt Tender Offer

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the pricing of its previously announced offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the "Notes"). Each reference to an "Offer" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the "2022 Notes") or the 1.350% Senior Notes due June 2023 (the "2023 Notes"), as applicable.

The Offer was made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as may be amended or supplemented from time to time, the "Offer to Purchase"), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

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IMG Announces Programming for MADE x PayPal, a Two-Day Event Curated By Public School Celebrating Fashion, Culture and Community in New York City

MADE x PayPal will take place June 24 and 25 at St. Ann's Warehouse in Brooklyn Bridge Park and showcase a wide array of emerging and diverse talent across fashion, music and the arts

MADE x PayPal announces its programming schedule for the two-day fashion experience taking place June 24-25, 2022 at St. Ann's Warehouse in Brooklyn Bridge Park in New York City . Curated by Dao-Yi Chow and Maxwell Osborne of Public School , MADE x PayPal will bring the NYC community together to celebrate a diverse group of emerging creatives and local small businesses. Highlights include fashion shows, performances, DJ sets and special appearances by Nas, Parris Goebel Heron Preston, among others. Elsa Majimbo will serve as MADE x PayPal's official correspondent. MADE x PayPal, produced by IMG FOCUS ., will be open to the public, and guests can register for free tickets on the event website at Ma.de .

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FIS is Building the Bridge to the Metaverse: Tips for the New Digital Frontier

Key facts

  • At its annual FIS Emerald client event, FIS launched its metastore allowing attendees to get hands on experience with transactions in the metaverse.
  • Initiative supports FIS' leadership role in creating the bridge from physical to digital which includes working with cryptocurrency exchanges and all forms of money movement technology to enable shopping and other transactions.

The metaverse is opening a new frontier of opportunities in the digital economy. As a financial technology leader, FIS ® (NYSE: FIS) is creating a bridge from physical to digital and looking to enhance customer experience for businesses that are innovating in this nascent market.

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PayPal Announces Pricing of Senior Notes Offering

PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has priced its offering of $3.0 billion aggregate principal amount of senior notes, consisting of $500 million aggregate principal amount of 3.900% notes due 2027, $1 billion aggregate principal amount of 4.400% notes due 2032, $1 billion aggregate principal amount of 5.050% notes due 2052 and $500 million aggregate principal amount of 5.250% notes due 2062. The offering is expected to close May 23, 2022 subject to customary closing conditions.

PayPal Logo (PRNewsfoto/PayPal)

PayPal estimates that the proceeds from the offering will be approximately $2.99 billion , before deducting offering expenses. PayPal intends to use a portion of the proceeds from the offering to fund the purchase for cash of any and all of the Company's outstanding 2.200% Notes due 2022 and 1.350% Notes due 2023 pursuant to the tender offer that commenced on May 16, 2022 and for the payment of related and unpaid interest, premiums, fees and expenses. PayPal intends to use the remainder for general corporate purposes, which may include funding the repayment or redemption of any 2022 Notes and 2023 Notes that are not validly tendered and accepted for payment in the tender offer, as well as other outstanding debt, share repurchases, ongoing operations, capital expenditures and possible acquisitions of businesses or assets or strategic investments.

BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers of the offering.

This offering is being made under an automatic effective shelf registration statement on Form S-3 filed by PayPal with the Securities and Exchange Commission (the "SEC") and only by means of a prospectus supplement and accompanying prospectus. Before you invest, you should read the prospectus supplement and accompanying prospectus, as well as other documents PayPal has filed or will file with the SEC for more complete information about PayPal and this offering. These documents may be obtained for free by searching the SEC online database (EDGAR) on the SEC website at www.sec.gov . Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus, and, when available, the final prospectus supplement for the offering may be obtained by contacting: BofA Securities, Inc. at NC1-004-03-43 200 North College Street, 3rd floor Charlotte NC 28255-0001 Attention: Prospectus Department, e-mail: dg.prospectus_requests@bofa.com , telephone: 1-800-294-1322; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, e-mail: prospectus-ny@ny.email.gs.com ; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About PayPal

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 429 million consumers and merchants in more than 200 markets to join and thrive in the global economy.

Forward-Looking Statements

This press release contains "forward-looking" statements within the meaning of applicable securities laws, including statements related to the anticipated terms of the offering, the anticipated closing of the offering, the expected use of proceeds of the notes and other statements that are not historical fact. These forward-looking statements can be identified by words such as "may," "will," "would," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "strategy," "future," "opportunity," "plan," "project," "forecast" and other similar expressions. Forward-looking statements are based upon various estimates and assumptions, as well as information known to PayPal as of the date of this press release, and are inherently subject to numerous risks and uncertainties. Accordingly, actual results could differ materially from those predicted or implied by forward-looking statements.  For the reasons discussed above, you should not place undue reliance on the forward-looking statements in this press release. PayPal assumes no obligation to update such forward-looking statements, except as required by law.

Investor Relations Contacts
Gabrielle Rabinovitch
grabinovitch@paypal.com

Ryan Wallace
ryanwallace@paypal.com

Media Relations Contacts
Josh Criscoe
jcriscoe@paypal.com

Taylor Watson
taywatson@paypal.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/paypal-announces-pricing-of-senior-notes-offering-301548490.html

SOURCE PayPal Holdings, Inc.

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PayPal Announces Debt Tender Offer

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the "Notes"). Each reference to an "Offer" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the "2022 Notes") or the 1.350% Senior Notes due June 2023 (the "2023 Notes"), as applicable.

The Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as may be amended or supplemented from time to time, the "Offer to Purchase "), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase , the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase .

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