![]() ![]() You go away for a coffee, come back and everything is updated. Quicken's One Step Update orchestrates the authentication and download process across multiple accounts and multiple financial institutions. But that's time consuming and takes multiple steps. In that case Intuit is not the middleman. You can download and import updates packaged in Quicken's QFX file format from your bank one statement at a time. "We maintain the financial institution IDs, route the request to the right financial institution, maintain the financial institution profile, support information, and support contact data for the financial institution." That leads us to the next question.Īs a service to customers. That data, which is temporarily stored on Intuit's servers, is encrypted and those servers are kept in a separate, locked room, according to a spokesperson. The bank authenticates the session and then transmits transaction updates to intermediate servers in Intuit's data center, which then transmit the data back to your personal computer. Your local copy of Quicken transmits your bank login ID and encrypted password.
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