1,031 Financial Institutions Connecting to Quicken.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 31, 2000 Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. Inc. (Nasdaq:INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ) today announced that it is providing online data connectivity and online banking services to 1,031 banks, brokerages, credit unions, credit card companies and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies. Intuit software and Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. are the most connected financial solutions available today. &uot;In just the past six months, nearly 300 more financial institutions began working with Intuit to offer online banking via Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. (R) to their customers,&uot; said Steven Aldrich, general manager of the Financial Institutions Group at Intuit. &uot;There is incredible momentum building around our efinance solutions as more and more financial institutions offer connectivity to their customers, and as more consumers realize the advantages of online financial services.&uot; Intuit pioneered connectivity via Quicken beginning in 1995, and continues to lead the financial services industry as the efinance solution provider of choice for financial institutions. Intuit's industry-leading Quicken personal financial management software is used by more than 11 million consumers in the U.S., and Quicken.com is one of the most popular financial sites on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Also fueling the growth in online banking is the increasing adoption of Open Financial Exchange (OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects ), a unified specification for the electronic exchange of financial data between financial institutions, businesses and consumers via the Internet. The specification enjoys broad support among financial institutions and OFX Solution Providers (OSPs), including 32 leading technology companies that recently announced they will be supporting or building to OFX version 2.0. Version 2.0 of the specification further enhances financial information exchange over the Internet by adding support for 401(k) and 1099 statement downloads, as well as bringing OFX into XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. compliance, which enables users to interact with more content and applications on the Internet using XML tools. Endorsement by the industry's top system integrators See systems integrator. , service bureaus and other OSPs reflects overall market demand and endorsement for this standard for Web-based financial data connectivity. Intuit is a leading provider of financial connectivity and solutions linking consumers and financial services companies. 1031 banking, brokerage, mortgage, insurance and other financial services companies rely on Intuit's best selling desktop financial software and one of the Web's most popular financial sites to better serve existing customers and also to acquire new customers. About Intuit Inc. Intuit Inc. (Nasdaq:INTU) is the leader in e-finance, including financial software and Web-based services. Intuit develops and markets Quicken(R), the leading personal finance software; TurboTax(R), the best-selling best·sell·er also best seller n. A product, such as a book, that is among those sold in the largest numbers. best tax preparation software; and QuickBooks(R), the most popular small business accounting software. Intuit's Quicken.com (R) Web site (www.quicken.com) is a leading financial Web site, offering a comprehensive set of news, information and tools, including insurance, mortgage, investment and tax services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses. Note to Editors: Intuit, the Intuit logo, and Quicken, among others, are registered trademarks and/or registered service marks of Intuit Inc. or one of its subsidiaries. Quicken.com, among others, are trademarks and/or service marks of Intuit Inc. or one of its subsidiaries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such. |
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