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Subject Author Date
Unreliable Electronic Data docdec1 01-10-2008
Posted by Oilcan on January 11, 2008, 10:04 pm
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 Intuit's cash cow is Taxes and Payroll Software - annual upgrades are given.
I doubt Intuit makes much money off of Quicken as the market is limited -
but they use it to sell other services. If you look at Money and Quicken -
the big 'two' there isn't really much difference and M$ has their own
problems with Money.

The money for anyone is to turn it into an online service with an annual
subscription. This raises other issues - I know - but this is where Intuit
and M$ are going to.

Just my 2 cents worth.

Cheers!

Oilcan

> Agree wholeheartedly. The quote service is worse than poor. Anyone
> notice that even the Nasdaq index has had issues in getting updated for
> the past few days?
>
> Don't pay for upgrades. Pay for a new application that is NOT Quicken!
>
>
>> Over the last few months, I've seen numerous posts about the data
>> being transmitted from Intuit to your Quicken accounts. Apparently,
>> NO ONE is LISTENING! Tonight, I had to manual upgrade five
>> securities. It's sad that YAHOO can get the quotes right thirty
>> minutes after the markets close.
>>
>> Since 1992 I have religiously upgraded my Quicken. Knowing full well
>> there was not that much difference between the previous year and the
>> new year's edition. 2008 is different. Since Intuit chooses not to
>> listen to our voices, maybe they'll pay attention to bottom line. THE
>> PRODUCT HAS LOST IT'S RELIABILITY! I will NOT upgrade to the 2008
>> edition.
>>
>> Next, speaking of of Intuit revenue, do you realize that if you
>> download information from your bank, you are paying a monthly service
>> charge. The monthly charge is $5.95. It's not that difficult to
>> manual enter your transactions. Plus, how reliable is the data being
>> entered for you? And yes, the reason for the monthly charge is to pay
>> for the service! You can bet financial institutions are paying
>> royalites to both Intuit (Quicken) and Microsoft (Money).
>>
>> Hopefully when sales decrease, someone will finally understand why!
>> Product quality has gone down the tubes.
>>
>> Done typing, done buying annual s/w upgrades and done paying monthly
>> bank fees for a product I have to review DAILY for accuracy!!
>
>


Posted by fletchb on January 12, 2008, 4:17 pm
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 On Jan 10, 5:49 pm, docd...@juno.com wrote:
> Over the last few months, I've seen numerous posts about the data
> being transmitted from Intuit to your Quicken accounts. Apparently,
> NO ONE is LISTENING! Tonight, I had to manual upgrade five
> securities. It's sad that YAHOO can get the quotes right thirty
> minutes after the markets close.
>
> Since 1992 I have religiously upgraded my Quicken. Knowing full well
> there was not that much difference between the previous year and the
> new year's edition. 2008 is different. Since Intuit chooses not to
> listen to our voices, maybe they'll pay attention to bottom line. THE
> PRODUCT HAS LOST IT'S RELIABILITY! I will NOT upgrade to the 2008
> edition.
>
> Next, speaking of of Intuit revenue, do you realize that if you
> download information from your bank, you are paying a monthly service
> charge. The monthly charge is $5.95. It's not that difficult to
> manual enter your transactions. Plus, howreliableis the data being
> entered for you? And yes, the reason for the monthly charge is to pay
> for the service! You can bet financial institutions are paying
> royalites to both Intuit (Quicken) and Microsoft (Money).
>
> Hopefully when sales decrease, someone will finally understand why!
> Product quality has gone down the tubes.
>
> Done typing, done buying annual s/w upgrades and done paying monthly
> bank fees for a product I have to review DAILY for accuracy!!

Glad to see it's not just me. I bought 2008 a couple of months ago and
the online portion has never been stable. Constant removal/reinstalls
of accounts just to download new transactions is not what I consider
automation. Currently bank #1 has become more stable but #2 is another
story.
Is Money any better or more of the same?



Posted by L on January 13, 2008, 1:31 am
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<snipped>
>
> Next, speaking of of Intuit revenue, do you realize that if you
> download information from your bank, you are paying a monthly service
> charge. The monthly charge is $5.95.

Perhaps *your* bank. Do not presume it is all banks. The fee (if any) is
determined by the bank. Wachovia charges nothing if the downloads are
initiated at the Wachovia website. Commerce bank still has free 'direct'
connect from within Quicken. Perhaps you should look to your financial
institution for a reduction in fees.

> It's not that difficult to
> manual enter your transactions.

No, it's not. Neither is it 'that difficult' to pay in cash. Heck, I had one
elderly friend without a checking account. She never found it 'that
difficult' to go to the post office once a month and come out with money
orders for gas/phone/electricity/water, etc. .... that she then proceeded to
present in person to the various offices. Personally, I was happy when the
written check and stamped envelope were replaced by online billpay - but,
there you are. Different strokes for different folks.

> Plus, how reliable is the data being
> entered for you?

As reliable as the financial institution that generates it. The figures
imported into your Quicken file ARE NOT GENERTATED BY INTUIT.

> And yes, the reason for the monthly charge is to pay
> for the service! You can bet financial institutions are paying
> royalites to both Intuit (Quicken) and Microsoft (Money).
>

Yes, financial institutions pay 'royalties' to software companies for
permission to interact with the software. Merchants pay fees to process
credit cards. Stores pay fees to electronically transmit your check and
process it immediately (cuts down on 'bounced' checks). The cost for our
convenience is paid in higher prices. Some merchants don't even accept
charge cards, in an effort to maintain prices. Few customers see the value
in saving a few cents while needing to write a check or pay in cash.

We all pay for it in the end.



Posted by sharx35 on January 13, 2008, 1:27 am
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> <snipped>
>>
>> Next, speaking of of Intuit revenue, do you realize that if you
>> download information from your bank, you are paying a monthly service
>> charge. The monthly charge is $5.95.
>
> Perhaps *your* bank. Do not presume it is all banks. The fee (if any) is
> determined by the bank. Wachovia charges nothing if the downloads are
> initiated at the Wachovia website. Commerce bank still has free 'direct'
> connect from within Quicken. Perhaps you should look to your financial
> institution for a reduction in fees.
>
>> It's not that difficult to
>> manual enter your transactions.
>
> No, it's not. Neither is it 'that difficult' to pay in cash. Heck, I had
> one elderly friend without a checking account. She never found it 'that
> difficult' to go to the post office once a month and come out with money
> orders for gas/phone/electricity/water, etc. .... that she then proceeded
> to present in person to the various offices. Personally, I was happy when
> the written check and stamped envelope were replaced by online billpay -
> but, there you are. Different strokes for different folks.
>
>> Plus, how reliable is the data being
>> entered for you?
>
> As reliable as the financial institution that generates it. The figures
> imported into your Quicken file ARE NOT GENERTATED BY INTUIT.
>
>> And yes, the reason for the monthly charge is to pay
>> for the service! You can bet financial institutions are paying
>> royalites to both Intuit (Quicken) and Microsoft (Money).
>>
>
> Yes, financial institutions pay 'royalties' to software companies for
> permission to interact with the software. Merchants pay fees to process
> credit cards. Stores pay fees to electronically transmit your check and
> process it immediately (cuts down on 'bounced' checks). The cost for our
> convenience is paid in higher prices. Some merchants don't even accept
> charge cards, in an effort to maintain prices. Few customers see the value
> in saving a few cents while needing to write a check or pay in cash.
>
> We all pay for it in the end.
>

Those of us who use a no-fee credit card for most purchases, paying off the
ENTIRE balance every month, having bank accounts with NO service charges,
having bills paid by AUTOMATIC no-fee DEBIT, are, nonetheless the best off,
regardless of higher prices.



Posted by BeanTownSteve on January 13, 2008, 10:20 am
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<SNIP>
>
> Those of us who use a no-fee credit card for most purchases, paying off the
> ENTIRE balance every month, having bank accounts with NO service charges,
> having bills paid by AUTOMATIC no-fee DEBIT, are, nonetheless the best off,
> regardless of higher prices.


Here, here! The only point you omitted was the credit card REBATES!



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