| If you are a Non-Financial Institution Application provider and your customers use QIF, please register now!/td>
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| These changes may impact your customers. If your application uses QIF files to import data into Quicken, please register to make sure you receive important updates regarding QIF Import Changes. |
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| FAQs for Non-FI Applications |
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Q: What versions will be affected when the QIF Import is no longer available?
A: Quicken 2005 for Windows and later will be affected. Customers using Quicken 2004 for Windows and earlier will be able to continue to use QIF Import. Quicken for Macintosh will not be affected at this time. QuickBooks and TurboTax will not be affected.
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Q: What accounts will still be available for QIF Import after the change?
A: The following account types will still be available for QIF Import:
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Credit Card (Until Quicken 2006) |
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Asset accounts |
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Liability accounts |
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Cash accounts |
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Small business payable accounts |
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Invoice accounts from Financial Institutions |
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Q: What accounts are moving exclusively to download via OFX in Quicken 2005 for Windows?
A: Checking, Savings, Brokerage and 401(k). To find out if your product will work with OFX or for more information please send an email to QIF_Alert@Intuit.com.
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Q: Are any additional accounts moving exclusively to download via OFX in Quicken 2006 for Windows?
A: Credit Card accounts. To find out if your product will work with OFX or for more information, please send an email to QIF_Alert@Intuit.com.
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Q: What is Open Financial Exchange (OFX)?
A: Open Financial Exchange (OFX), is the industry standard for consumer and small business online banking, bill payment, bill presentment, investment transaction download and 401(k) account access. Today more than 2,700 Financial Institutions support download into Quicken via OFX. OFX can offer greater integrity of data and enhanced features and functionality. Moving to OFX will enable customers and Financial Institutions to take advantage of new product features that permit 401(k) download, easier account set-up, and more.
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Q: Why is Intuit doing this?
A: OFX offers customers an easier, faster and more accurate download experience and allowed us to create Express Setup in Quicken 2004 for Windows. Quicken has been and will continue to support OFX which is the industry standard for transaction download. Intuit is committed to helping the industry transition to Open Financial Exchange (OFX). This industry standard was first introduced in 1997 with the release of Quicken 98.
We have announced the changes to QIF Import with the release of Quicken 2004 for Windows as the first phase of a two phase roll out. Phase one is notifying customers who use QIF of the upcoming changes. In phase two, with Quicken 2005 for Windows and later, QIF Import will no longer be available. We want to make sure the transition is as smooth as possible by notifying our customers of the changes and allowing our Financial Institution partners more time to move to OFX.
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Q: How does this impact my customers who are exporting data from Quicken?
A: Customers exporting data from Quicken to other applications are not affected by this change at this time.
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Q: When is this QIF Import change going to happen?
A: Quicken 2005 for Windows and later will be affected by the QIF Import change, and will not allow QIF Import. Previous versions of Quicken for Windows will not be affected. Quicken for Macintosh will not be affected at this time.
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Q: Can you tell me more about OFX?
A: Open Financial Exchange (OFX) is the new industry standard for online banking. Specifically, OFX is a unified specification, or protocol for the exchange of electronic financial data over the Internet. It streamlines the delivery of transactions and other financial information from financial institutions to their customers. This process involves communication between financial institutions, transactional servers, and customers.
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Q: How do I switch from using QIF to an OFX download method for my application?
A: Register now to make sure you receive important updates regarding these changes and for information about OFX download methods.
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Q: Since Intuit's customer support center uses QIF to import customers' data files — how will you get this information from customers if you discontinue the ability to import QIF?
A: While QIF technology is becoming obsolete and does not offer the accuracy and speed of direct download via OFX, there are still a handful of circumstances that make QIF import the only way to convert your data. We want to make sure that we leave the QIF import option open only in limited circumstances for customer support needs.
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Q: What should I tell my customers if they call regarding the messaging in Quicken 2004 for Windows?
A: Tell your customers that QIF Import will no longer be available for most accounts with Quicken 2005 for Windows and later. Quicken 2004 for Windows or earlier functionality will remain unchanged.
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