12 Best Falling Stocks to Invest In Now

8. Intuit Inc. (NASDAQ:INTU)

Stock Upside: 43.26%

1-Year Loss: 30.62%

Number of Hedge Fund Holders: 91

Intuit Inc. (NASDAQ:INTU) is one of the best falling stocks to invest in now. On April 9, Intuit Inc. (NASDAQ:INTU) announced it had completed the Federal Reserve’s certification and readiness program for the FedNow Service. This means the company is now formally part of the US central bank’s instant payments network.

The FedNow Service is the Fed’s instant payments infrastructure, through which participating institutions can send and receive funds within seconds, at any time of day, any day of the year. This is a massive upgrade over traditional automated clearing house, or ACH payments, which can take one to three business days to settle.

However, Intuit clarified that the certification does not make it a bank. Rather, it allows the company to partner with financial institutions to send instant payment transactions on behalf of its customers. This flexible participation model lets Intuit embed real-time payments directly into its software without holding the funds itself, the company said.

Intuit stated that the capability will roll out across all of its platforms, including QuickBooks, TurboTax, Credit Karma, Mailchimp, and Intuit Enterprise Suite. The company added that the capability will enable instantly payable invoices, let employers pay workers the moment a job is done, and eliminate payment processing delays.

James Barrese, SVP of Fintech at Intuit, noted that connecting to the FedNow network will allow the company to build “toward a world where money moves in real time across Intuit’s entire ecosystem.” As a result, customers will not just get their money faster, they will gain more confidence in every financial decision, Barrese added.

Intuit Inc. (NASDAQ:INTU) provides financial management and tax preparation software for consumers, small businesses, and accounting professionals. Its core products include TurboTax, QuickBooks, Credit Karma, and Mailchimp, which support tax filing, bookkeeping, personal finance, and marketing automation.