MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 25, 2000--
Highlighting broad industry support for the Open Financial
Exchange (OFX) specification, thirty-two leading OFX Solution
Providers (OSPs) working with Intuit Inc. (Nasdaq: INTU.O) 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.O),
Concentrex Incorporated (Nasdaq: CCTX.O), Corillian, Destiny, Digital
Insight (Nasdaq: DGIN.O), e-CommLink, edocs, 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.O),
InteliData Technologies Corporation (Nasdaq: INTD.O), Just in Time
Solutions, Inc., M&I Data Services, Muir Software, Inc., Novazen,
Inc., Online Resources & Communications Corporation (Nasdaq: ORCC.O),
Prologic Corporation, Q UP Systems, S1 Corporation (Nasdaq: SONE.O),
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.O) 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 IntuitInc., 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
--30--as/sf*
CONTACT: Ketchum Thomas
Ingrid Kambe, 650/596-2210
ingrid@thomaspr.com
or
Kim Paulson, 650/596-2700
kim@thomaspr.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
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