The two companies join forces to offer Intuit GoPayment for AT&T, a service that enables small businesses to process credit or debit card payments using a smart phone or tablet. Intuit GoPayment for AT&T comes with automatic signup and pre-approval for the majority of AT&T customers. It will be available at AT&T’s nationwide small business sales force and call centers.

The California-based company Intuit is specialized in financial software and related services for small businesses and individuals. The company is mostly known for its personal finance software Quicken. GoPayment is Inuit’s solution for the rapidly growing mobile payments market. It directly syncs transactions with QuickBooks, a financial software that is used by 4 million users in the US. With GoPayment, small business can process credit and debit card payments without purchasing additional hardware using the existing mobile devices. Instead of entering the card data manually, the card reader can be used to swipe credit and debit cards. The app is offered for free for iOS, Android and Blackberry devices, along with one free credit card reader. The basic service offers pay-as-you-go pricing without a monthly fee at 2.7 percent discount rate for swiped transactions.

Chris Hylen, vice president and general manager of Intuit’s Payment Solutions division commented: “By teaming up with AT&T, we’re getting GoPayment into the hands of even more small businesses. Now they too can easily and affordably process credit cards and get paid on the spot, which in this tough economy means increased cash flow and more repeat business.”

Check out the video below to see how Intuit GoPayment works: