update on HSBC
in [Quicken]
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From: Marty on 3 Nov 2006 12:13 Does this mean that we cannot pay bills through Quicken? If that is the what it means then I will bank elseware! I called up Citi and they do support Quicken DirectConnect as well as have competive online savings rate (5% vs HSBC 5.05%). Marty Bob Wang wrote: > Reminds me of Big Brother in 1984 heralding the "increase" in benefits when > they had actually been cut. > > Do they think we're stupid or something? > > Fortunately, *WE* have *LOTS* of choices besides HSBC ;-) > > Bob > Changes to Personal Internet Banking access > > On December 10, 2006, you will no longer be able to use the DirectConnect > feature of Quicken and Money to connect to HSBC's Personal Internet Banking > service. > > However, you can still download your HSBC transactions into your > Quicken and Money software using the WebConnect feature. Simply log on to > Personal Internet Banking to perform your banking transactions, select "View > Accounts", and then "Download a File." Your account transactions can then be > imported into your Quicken and Money software. > > > We are dedicated to making your online experience with HSBC secure, > convenient, and easy. We are confident that, once you become accustomed to > using this new process, you will enjoy the added benefits and security you > will have using WebConnect. Thank you for your continued loyalty. If you > have any questions or concerns about the new procedure, please contact your > HSBC Relationship Manager or call 1-800-975-HSBC (1-800-975-4722). > > > >>> > "gklatv" <gk.latv(a)excite.com> wrote in message > news:1162487936.184317.7690(a)k70g2000cwa.googlegroups.com... > 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.
From: John Pollard on 3 Nov 2006 13:46 "Marty" <martin.burger(a)pobox.com> wrote > Does this mean that we cannot pay bills through Quicken? Pure Web Connect downloads can not be used to pay bills using the fi's bill pay via Quicken. Pure Web Connect has no "upload" capability to send your payment instructions. -- John Pollard First initial underscore Last name at mchsi dot com Please reply to newsgroup
From: pjhartman@gmail.com on 3 Nov 2006 14:55 John Pollard wrote: > So it is certainly > possible that some fi's are dropping their capabilities to the > absolutely cheapest one possible. That's fine; I really don't care how my FI handles the download capabilities, as long as the downloads work. Fortunately, I'm not caught by the HSBC change. But, if I were, and if HSBC is making the change due to the existence of EWC within Quicken 2007, I'd hope that they at least verified that EWC is working (and it's not) before making the switch.
From: Q_Lover on 4 Nov 2006 08:50 Marty said > Does this mean that we cannot pay bills through Quicken? If that is > the what it means then I will bank elseware! I called up Citi and > they do support Quicken DirectConnect as well as have competive > online savings rate (5% vs HSBC 5.05%). > > Marty Did they give you a link to their website that put's it in writing? I looked at it an they only discuss WebConnect? Maybe I've missed it? (I've been told from other fi's that they suppory DirectConnect - only to find our later that they really didn't)
From: Q_Lover on 7 Nov 2006 14:01
gklatv said > 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. > This is HSBC's answer to my query about them dropping DirectConnect: ************************************************************ "Thank you for your recent e-mail to HSBC's Internet Banking unit. This DirectConnect functionality for Quicken is no longer available following a recent government mandate requiring a higher level of authentication for online banking users. All financial institutions are required to have the third level of security by December 2006. Personal Financial Software is not able to connect to systems that have a 2 page login. To update your accounts in Money, you can download a file from our website to your computer and then import this file into Money. You can download a file from this option under the 'View Accounts' menu on the left. For more information of when Quicken will accommodate the new log in process, please contact Intuit for additional assistance. We apologize for any inconvenience this may cause." ************************************************************ Is this true? They seem to imply DirectConnect's death is coming soon. Or perhaps they are implementing the govermenments "higher level of authentication" in a manner which excludes DirectConnect. Bummer. WebConnect is not the end of the world; it is a step backwards IMHO. |