On Dec 20, 2008, at 4:22 PM, Kevin M wrote: > I have several accounts that I use for various purposes and now that > I'm manually downloading transactions, I'm starting to re-think the > need for all these accounts. However, I have contacted the bank where > my primary checking account is held asking about their plans to > support ofx. Their response was as follows: "Our customers security > is our biggest concern. Utilizing OFX technology does not allow for > extra security measures such as RSA Tokens, Shared Secret Questions, > or a secure client that we are currently working on. Because of those > security concerns we have opted not to support automatic download of > transactions without those methods." I'm curious to get your thoughts > on this response. > Hi Kevin,
I'm not sure this is a valid excuse for not supporting direct OFX processing. When connecting to an OFX server, MoneyWell has to use HTTPS secure protocol and has to validate any security certificates or the communication cannot continue. Plus, if someone knows your username and password, they can just as easily connect to a web interface as an OFX interface. I'm no security expert but the difference looks terribly small. Then there are the sites like Mint that mimic you as a user and answer all the of shared secret questions so that becomes a moot point as well. It doesn't sound valid at all. > Also, I have 3 accounts at ING direct (mortgage, checking and > savings). I have heard you state on more than one occasion that you > are thinking of switching from ING because of the ofx issue. Do you > care to share what alternatives you are thinking about? My > requirements would be that it have similar (or better) interest rate, > auto download and web features for linking accounts / bill pay etc. > > I welcome anyone else on the forum to chime in as well. Thanks. The problem is that I haven't found the same interest rates that I can get at ING Direct. I haven't found a replacement and I don't do enough transactions at ING to make it worth too much effort. I can enter the transactions by hand (actually I just change the imported transactions from my checking account into transfers with one click) and it's done. I am annoyed that ING won't turn on OFX direct access. Peace, Kevin Hoctor [email protected] No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
