(COMTEX) B: Leading OFX Solution Providers Endorse OFX Version 2.0; I
B: Leading OFX Solution Providers Endorse OFX Version 2.0; Industry Support for
XML-based Specification Grows
MOUNTAIN VIEW, Calif., Jan 25, 2000 (BUSINESS WIRE) -- Highlighting
broad industry support for the Open Financial Exchange (OFX)
specification, thirty-two leading OFX Solution Providers (OSPs) working
with Intuit Inc. (Nasdaq: INTU) have committed to support version 2.0
of the OFX specification and to build solutions around its new
capabilities. 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
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 and service bureaus reflects overall
market demand and endorsement for this standard for Web-based financial
data connectivity.
"Industry response to version 2.0 of the OFX specification has been
fabulous," said Steven Aldrich, director of Intuit's financial
institutions group. "Financial institutions will have broad support for
implementing OFX 2.0 from these thirty-two OSPs. These new capabilities
will help financial institutions realize the benefits of XML and the
specification's support of new extensions."
OSP Participation with Intuit
The rising number of vendors supporting OFX 2.0 will further
accelerate the adoption of the OFX specification. Industry backing by
OSPs means that financial institutions will have more choice of
processors and be better able to process online banking-related data
such as checking, money market, savings and credit card accounts, as
well as 401(k) and 1099 tax form data.
OSPs supporting OFX 2.0 with Intuit include: Atris Technology, Inc.,
BROKAT Financial Systems, CheckFree Corporation (Nasdaq: CKFR),
Concentrex Incorporated (Nasdaq: CCTX), Corillian, Destiny, Digital
Insight (Nasdaq: DGIN), e-CommLink, edos, Enterprise Engineering, Inc.,
Equifax E-Banking Solutions, eSage, Hamilton and Sullivan, Ltd., Home
Account, Home Financial Network and Sybase Financial Server Division
(recently merged), insci-statements.com (Nasdaq: INSI), InteliData
Technologies Corporation (Nasdaq: INTD), Just in Time Solutions, Inc.,
M&I Data Services, Muir Software, Inc., Novazen, Inc., Online Resources
& Communications Corporation (Nasdaq: ORCC), Prologic Corporation, Q UP
Systems, S1 Corporation (Nasdaq: SONE), Software Technology Group,
Inc., TransactionWorks, Inc., VIFI, Virtual Communications, Inc.,
WebEasy, Inc., Xenosys Corporation, w-Trade Technologies.
OFX Specification
OFX is a unified specification for the electronic exchange of
financial data between financial institutions, businesses and consumers
via the Internet. It is designed to support a wide range of financial
activities including consumer and small business banking; consumer and
small business bill payment; investments, including stocks, bonds, and
mutual funds.
About Intuit
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 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 financial news,
information and tools, including insurance, mortgage, investment and
tax preparation 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, Quicken, QuickBooks,
QuickBooks Pro, TurboTax and ProSeries, among others, are registered
trademarks and/or registered service marks of Intuit Inc. in the United
States and other countries. Quicken.com, QuickenInsurance, Quicken
Loans and Lacerte, among others, are trademarks and/or service marks of
Intuit Inc., or one of its subsidiaries, in the United States and other
countries. Other parties' trademarks or service marks are the property
of their respective owners and should be treated as such
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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