OFX DirectConnect for Quicken 2020

[Jack]

On 2021.01.30 19:22, Brendan Coupe wrote:
> I can download my statements without using direct connect so I don't  
> think that's an incentive. I think some banks charge if you ask for  
> paper statements but I haven't gotten them in a long time.
I hope you don't mean PDF statements.  Web connect does work, but it  
requires extra effort on the user's part to start the download.  Direct  
connect is a single button push.
> 
> The real incentive is detecting fraudulent transactions as soon as  
> possible. Most banks allow text or email notifications when  
> transactions happen but they can be easily missed in the sea of  
> notifications that I get.
In addition, those notifications are often based on a dollar cutoff.   
Fraud can also take place in smaller doses, so every transaction needs  
to be checked.  For some low activity accounts, notification of all  
transactions can be  reasonable and useful, but for high volume  
accounts, such as many credit cards, notifications are just not  
feasible.  If you are only worried about checking for fraud, then  
logging in to the bank's web site and looking at recent transactions  
may be enough, but I'm pretty sure that's not sufficient for anyone  
actually using personal finance management software.
> 
> I suspect that fewer and fewer customers are using direct connect so  
> they don't feel the need to support it.
I'm curious why you think that.
> While phone apps have their place, a program that works with accounts  
> from different banks is much more useful.
I'd call it nearly essential, if I want a picture of my overall  
financial status and activity in one place.
> Manually entering transactions from accounts that are used frequently  
> (credit cards) is far from ideal. Time to move on from USAA.
I think part of the problem is that most banks have little to  
absolutely no clue what "direct connect" actually is.  They contract  
with Intuit (or some other software house) to support their users for  
Quicken.  That way, the bank's support folks don't need to know  
anything - they just say call Intuit, which obviously, doesn't help  
anyone except a paying Quicken customer.

Jack
> 
> 
> *----Brendan Coupe*
> 
> 
> On Sat, Jan 30, 2021 at 3:25 PM J.Varela <jvapr27 at gmail.com> wrote:
> 
> > Thanks so much for doing that!
> >
> >
> >
> > Other banks are charging to allow directconnect to their systems.  
> You
> > would think they would offer it for free as it could save them  
> money by not
> > having to mail out statements.
> >
> >
> >
> >
> >
> > JV
> >
> > On Saturday, January 30, 2021 3:13:08 PM CST lpcornel wrote:
> >
> > I tried to explain to USAA that supporting DirectConnect does not  
> require
> > exclusivity to Quicken. They filed a formal complaint on my behalf,  
> and it
> > says their IT people should look into DirectConnect, and they are  
> currently
> > forcing their customers to pay for Quicken when free software can  
> do the
> > same thing. I explained there are other financial institutions that  
> do not
> > lock out their Linux customers.
> >
> > LPC
> >
> > On 1/30/21 12:15 PM, Brendan Coupe wrote:
> >
> > I've had the same problem starting some time this week. USAA is in  
> the
> > process of changing the logon process (it's very annoying now) and  
> the
> > website (you can preview the new site). The loss of online banking  
> may be
> > related and may be permanent.
> >
> >
> > When I unmap an account and try to remap it, the authentication  
> works but
> > it says I have no accounts available. I tried 2900 (Quicken 2020),  
> 102 and
> > 103 and nothing works.
> >
> >
> > After battling them over an insurance claim last year (I was rear  
> ended
> > and there was no argument about fault) it may be time to take my  
> business
> > elsewhere.
> >
> >
> > I think we need a place to promote banks that still support direct
> > connect. Clearly ofxhome.com isn't enough since it's reporting USAA
> > "Passed" as of today. Digging deeper into ofxhome.com, if you view  
> the
> > history USAA has been failing since January 27. Not sure why that  
> is not
> > shown on the main page for USAA.
> >
> >
> > ----
> > Brendan Coupe
> >
> >
> > On Sat, Jan 30, 2021 at 3:56 AM Thomas Baumgart <thb at net-bembel.de>  
> wrote:
> >
> > Hi,
> >
> > On Freitag, 29. Januar 2021 18:41:59 CET lpcornel wrote:
> >
> > > Any chance we can get an emulation update for Quicken 2020? I  
> just got
> > > disconnected 2 days ago from my bank (USAA) and 2019 is the latest
> > > currently available.
> >
> > Not sure, if that alone is enough. GnuCash users hit the same  
> problem:
> >
> >
> >  
> https://lists.gnucash.org/pipermail/gnucash-devel/2021-January/045664.html
> >
> > You can give it a try by selecting "Quicken Windows (Expert)" from  
> the
> > dropdown list and enter the value 2900 (for Quicken 2020) in the  
> edit
> > field which appears to the right of the combo box. No guarantee that
> > this will solve the problem.
> >
> > Would be cool to hear about your progress.
> >
> > --
> >
> > Regards
> >
> > Thomas Baumgart
> >
> > https://www.signal.org/       Signal, the better WhatsApp
> > -------------------------------------------------------------
> > It is better to remain silent and be thought a fool,
> > than to speak, and remove all doubt.
> > -------------------------------------------------------------
> >
> >
> >
> >
>