Fortune Names H&R Block “One of America’s Most Innovative Companies”
29 Março 2023 - 11:47AM
Fortune announced today that H&R Block (NYSE: HRB) is one of
“America’s Most Innovative Companies.” The company was selected for
its work to improve services and experiences that bring value to
its clients, communities, and associates.
“Innovation is the lifeblood of transformation and
I’m proud that our culture, which fosters new ideas and risk
taking, is being recognized," said Jeff Jones, President and CEO of
H&R Block. “New services and technology that enhance our
clients’ experiences are a key focus as we stay true to our Purpose
to provide help and inspire confidence in our clients and
communities everywhere.”
A recent product innovation is Spruce, a mobile
banking app built by H&R Block.1 In September, two new and
enhanced features were added to the app, including Round Up and
Credit Score Monitoring,2 creating robust product features designed
to help improve clients’ financial health. Additionally, as of this
year, H&R Block clients can sign up for Spruce in retail tax
offices while completing their tax return, allowing Spruce users to
get their federal tax refund up to five days early3 when the refund
is deposited directly into their Spruce account. Spruce also
features tax refund recommendation and in-app budgeting tools that
help clients use their tax refund to get better with money and
strengthen their financial habits.
H&R Block’s investment in innovation encourages
its associates to play an active role in growing the business and
identifying new ways to better serve clients. In addition to
product innovations like Spruce, H&R Block is also committed to
fostering creativity and innovation among teams as demonstrated
earlier this month during its inaugural Open IT hackathon. The
event brought together 50 teams of H&R Block IT associates who
used their talent and experimentation to offer solutions to
technological challenges. The winning team created a “TaxGPT”
concept that uses an AI-driven virtual help assistant for H&R
Block clients who file online.
For more about H&R Block innovation, tax
services and products, visit www.HRBlock.com.
About H&R BlockH&R Block,
Inc. (NYSE: HRB) provides help and inspires confidence in its
clients and communities everywhere through global tax preparation
services, financial products, and small-business solutions. The
company blends digital innovation with human expertise and care as
it helps people get the best outcome at tax time and also be better
with money using its mobile banking app, Spruce. Through Block
Advisors and Wave, the company helps small-business owners thrive
with innovative products like Wave Money, a small-business banking
and bookkeeping solution, and the only business bank account to
manage bookkeeping automatically. For more information, visit
H&R Block News.
1 Spruce fintech platform is built by H&R
Block, which is not a bank. Spruce℠ Spending and Savings Accounts
established at, and debit card issued by, Pathward®, N.A., Member
FDIC, pursuant to license by Mastercard®. Mastercard and the
circles design are registered trademarks of Mastercard
International Incorporated.
2 Credit score is FICO® Score 8 based on Experian
data. Your lender or insurer may use a different FICO Score than
FICO Score 8, or another type of credit score altogether. FICO® is
a trademark of Fair Isaac Corporation. This is a separate service
from your Spruce bank accounts, provided by Pathward, N.A. This
product does not report to credit reporting agencies.
3 Does not change IRS refund processing speed.
Claim is based on making federal refunds available when payment
instruction is received, which may be earlier than scheduled
payment date. Depends on timing of the IRS’s payment file.
Available only for federal refunds. May be changed or discontinued
at any time.
For Further Information
Investor Relations:
Michaella Gallina, (816) 854-3022, michaella.gallina@hrblock.com
Jordyn Eskijian, (816) 854-5674, jordyn.eskijian@hrblock.com
Media Relations:
Angela Davied, (816) 854-5798, angela.davied@hrblock.com
Heather Woodward, (660-864-3836), heather.woodard@hrblock.com
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