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Subject Author Date
New bank security password requirements. Shorty 11-30-2006
Posted by Debbie Becker on December 5, 2006, 7:17 pm
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Tim wrote:
> The IT people at Wachovia told me that they were doing away with bill pay
> within Quicken because of troubleshooting issues. What a line of
nonsense.
> I suspect they use the Web bill pay system becuase they are providing this
> service to other banks or are they subbing it out another vendor to
provide
> it for them. Their system has a remarkaly similar interface as Select
Bank's
> (NJ).

>>>Wachovia does NOT "play nice with Quicken" any longer for new
>>>customers. Well, it does for downloading transactions, but for direct
>>>pay you must use their bill pay web connect system.
>>>
>>I've heard this. I have discussed this with the manager of my local
>>branch
>>and assured her that when they take this away from current customers, I
Tim wrote:
> The IT people at Wachovia told me that they were doing away with bill pay
> within Quicken because of troubleshooting issues. What a line of
nonsense.
> I suspect they use the Web bill pay system becuase they are providing this
> service to other banks or are they subbing it out another vendor to
provide
> it for them. Their system has a remarkaly similar interface as Select
Bank's
> (NJ).

>>>Wachovia does NOT "play nice with Quicken" any longer for new
>>>customers. Well, it does for downloading transactions, but for direct
>>>pay you must use their bill pay web connect system.
>>>
>>I've heard this. I have discussed this with the manager of my local
>>branch
>>and assured her that when they take this away from current customers, I
>>will become and ex-customer. She said she's heard this before and at
>>least a dozen potential customers chose not to open new accounts because
>>of
>>this. She complained up the food chain but was ignored.
>

Others have said here it is the fees that are paid to Intuit. Who knows?
My comment is that if one customer can use Quicken to do everything all
customers should be able to too.
The comments I've gotten from my local branch is that they know nothing
about on line activity.
The last person I talked to wanted me to take out a CD. I told her I
would when they allowed me to do all of my banking with Quicken.
========================

I've been with Wachovia for several years and have used billpay through
Quicken. Still do so with no issues. The only difference is that if I'm
logged into Wachovia's site, I can see which billpay transactions have been
paid or are pending. Do NOT have to enter payments on their site though ..
only do so through Quicken (as always). If they've changed it, it's
apparently not for everyone.



Posted by Tim on December 9, 2006, 4:34 pm
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You are a "legacy" customer from what IT told me. They kept the service for
longer tem customers.




> Tim wrote:
>> The IT people at Wachovia told me that they were doing away with bill pay
>> within Quicken because of troubleshooting issues. What a line of
> nonsense.
>> I suspect they use the Web bill pay system becuase they are providing
>> this
>> service to other banks or are they subbing it out another vendor to
> provide
>> it for them. Their system has a remarkaly similar interface as Select
> Bank's
>> (NJ).
>
>>>>Wachovia does NOT "play nice with Quicken" any longer for new
>>>>customers. Well, it does for downloading transactions, but for direct
>>>>pay you must use their bill pay web connect system.
>>>>
>>>I've heard this. I have discussed this with the manager of my local
>>>branch
>>>and assured her that when they take this away from current customers, I
>>>will become and ex-customer. She said she's heard this before and at
>>>least a dozen potential customers chose not to open new accounts because
>>>of
>>>this. She complained up the food chain but was ignored.
>>
>
> Others have said here it is the fees that are paid to Intuit. Who knows?
> My comment is that if one customer can use Quicken to do everything all
> customers should be able to too.
> The comments I've gotten from my local branch is that they know nothing
> about on line activity.
> The last person I talked to wanted me to take out a CD. I told her I
> would when they allowed me to do all of my banking with Quicken.
> ========================
>
> I've been with Wachovia for several years and have used billpay through
> Quicken. Still do so with no issues. The only difference is that if I'm
> logged into Wachovia's site, I can see which billpay transactions have
> been
You are a "legacy" customer from what IT told me. They kept the service for
longer tem customers.




> Tim wrote:
>> The IT people at Wachovia told me that they were doing away with bill pay
>> within Quicken because of troubleshooting issues. What a line of
> nonsense.
>> I suspect they use the Web bill pay system becuase they are providing
>> this
>> service to other banks or are they subbing it out another vendor to
> provide
>> it for them. Their system has a remarkaly similar interface as Select
> Bank's
>> (NJ).
>
>>>>Wachovia does NOT "play nice with Quicken" any longer for new
>>>>customers. Well, it does for downloading transactions, but for direct
>>>>pay you must use their bill pay web connect system.
>>>>
>>>I've heard this. I have discussed this with the manager of my local
>>>branch
>>>and assured her that when they take this away from current customers, I
>>>will become and ex-customer. She said she's heard this before and at
>>>least a dozen potential customers chose not to open new accounts because
>>>of
>>>this. She complained up the food chain but was ignored.
>>
>
> Others have said here it is the fees that are paid to Intuit. Who knows?
> My comment is that if one customer can use Quicken to do everything all
> customers should be able to too.
> The comments I've gotten from my local branch is that they know nothing
> about on line activity.
> The last person I talked to wanted me to take out a CD. I told her I
> would when they allowed me to do all of my banking with Quicken.
> ========================
>
> I've been with Wachovia for several years and have used billpay through
> Quicken. Still do so with no issues. The only difference is that if I'm
> logged into Wachovia's site, I can see which billpay transactions have
> been
> paid or are pending. Do NOT have to enter payments on their site though ..
> only do so through Quicken (as always). If they've changed it, it's
> apparently not for everyone.
>
>



Posted by Martin Kovacs on November 30, 2006, 10:54 pm
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Shorty wrote:
> My bank has instituted a new PW policy, Step one, sign in. Step 2,
> identify a picture and phrase, Step 3 enter password. I understanhd
> these requirements were mandaded by the govt. Anyhow I am back to
> downloading by web connect at the banks site. Anyone else going
> through this. I am using Q07, B&P.
>
Vanguard changed to this model earlier in the year. For a short time
(week or so)I could not access my accounts (two) but Vanguard fixed the
problem. When I initially called about the problem I was told they were
updating there software to restore the Quicken connection.

Posted by Q_Lover on December 1, 2006, 2:49 am
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Shorty said

> My bank has instituted a new PW policy, Step one, sign in. Step 2,
> identify a picture and phrase, Step 3 enter password. I understanhd
> these requirements were mandaded by the govt. Anyhow I am back to
> downloading by web connect at the banks site. Anyone else going
> through this. I am using Q07, B&P.

HSBC bank is dropping DirectConnect and requiring this multi-step
WebConnect crap. They claim it's the result of a goverment requirement
too.

I don't understand it though. My bank (Chase) isn't making the change
nor is my fidelity account. (At least I hope not)


Posted by Rick Blaine on November 30, 2006, 9:37 pm
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>HSBC bank is dropping DirectConnect and requiring this multi-step
>WebConnect crap. They claim it's the result of a goverment requirement
>too.


Google on "two factor authentication" and you see a huge number of pro and con
pages on why this is happening.

That said - my bank simply requires a username, password and added a PIN entry
requirement for web access. They have no plans to disable DirectConnect.

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