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Intuit and National Commerce Financial to Offer Payroll Services
Companies' Alliance Brings Intuit Payroll, Human Resources Services to More Than 80,000 Business Customers
RENO, Nev. - June 07, 2004 - Intuit Inc. (Nasdaq: INTU) today announced that National Commerce Financial Corp. will offer Intuit's full-service payroll and human resources services to more than 80,000 small- and mid-sized business customers.

The services will be available through the National Bank of Commerce and Central Carolina Bank as part of Intuit's Outsourced Payroll Strategic Alliance program. The banks will also offer customers Intuit's QuickBooks® financial management software and TurboTax® tax preparation and filing software.

"Intuit's Outsourced Payroll division is dedicated to helping small- and mid-sized businesses take the pain out of payroll," said Teresa Shappell, vice president of Intuit's Reno, Nev.-based Outsourced Payroll division, "By teaming with trusted financial service providers such as National Bank of Commerce and Central Carolina Bank, we are able to provide an even more convenient service for our customers."

The banks will begin offering Intuit's Complete Payroll service and QuickBooks and TurboTax software as part of a summer promotion running from June 7 through Aug. 31. During this time, customers can avoid paying any initial setup fees for Intuit's Complete Payroll service. Customers who also select Intuit's HR Assistant service will be eligible to receive a $50 rebate that can be applied to their Complete Payroll service account after 90 days.

"From listening to our customers, we realized that many of them currently use or want to use an Intuit service to manage their payroll process," said Jo Sexton, first vice president, small business product manager at National Commerce Financial. "Through this alliance, we will be able to increase our value to our customers by directly providing them with another tool that will help them better manage their businesses."

The two banks also make QuickBooks connectively available to customers, enabling them to download their balances directly into QuickBooks without waiting to receive monthly statements. Intuit's Complete Payroll also integrates with QuickBooks and QuickBooks Online Edition, providing a fully integrated financial management solution for National Bank of Commerce and Central Carolina Bank business customers.

 
About Intuit's Outsourced Payroll
A leading provider of payroll and human resources services, Intuit's Outsourced Payroll offers a variety of service options, including the full-service Complete Payroll solution that seamlessly downloads information into QuickBooks financial management software. Intuit's Outsourced Payroll also offers a comprehensive set of services that integrate with payroll to help Intuit payroll customers manage employee information and comply with federal and state employment laws and regulations.
 
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small- and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants.

Founded in 1983, Intuit had annual revenue of more than $1.6 billion in its fiscal year 2003. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom. More information can be found at www.Intuit.com.

 
About NCF
National Commerce Financial Corporation, headquartered in Memphis, Tennessee, is a sales and marketing organization that delivers select financial and consulting services through a national network of banking and non-banking affiliates. Press releases and additional information can be found at www.ncfcorp.com.
 
Intuit, the Intuit logo, QuickBooks, and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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