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Posted by John Pollard on November 2, 2006, 1:36 pm
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>
>> Just got an email from HSBC - after December 10, 2006 there
>> is not
>> going to be DirectConnect any longer, only WebConnect.
>
>> It's a step backward, in my view.
> Probably, but maybe not as big a step backward as it might
> seem.
>
> I'm wondering if the credit card companies aren't responding
> to Quicken's new Express Web Connect feature which - once it
> gets working correctly - will allow users to download from Web
> Connect accounts using One Step Update. Since the fee to
> Intuit is less for Web Connect accounts, and since it appears
> that Express Web Connect will only need to access the fi's
> servers once a day, perhaps the fi's are just taking a logical
> economic step.
>
> It won't be that long before everyone who wants to download
> will be using a version of Quicken with Express Web Connect
> capability.
I forgot.
I believe the Express Web Connect will require some opt in
response from, and possibly some additional payment from, the
fi's (perhaps making it cost somewhere between Direct downloads,
and traditional Web Connect downloads). So it is certainly
possible that some fi's are dropping their capabilities to the
absolutely cheapest one possible.
Then, as Bob Wang said, we are still free to avail ourselves of
competitors.
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