Re: Schwab now using new "Express Web Connect Plus" (aka "Express Web Connect+"

From: Sherlock (noname...)

On 2021-11-27 14:11:09 +0000, Arthur Conan Doyle said:

> Sherlock <[email protected]> wrote:
>
>> The motivation for Schwab's decision to drop Direct Connect was financial.
>
> It's been reported that the fees Quicken charges financial institutions for
> Direct Connect are substantial. As the number of users managing their finances
> on PCs drop, I'm surprised there haven't been more major banks like
> USAA bailing
> out.

It is not Quicken charging the financial institutions fees for Direct
Connect. It is Intuit.

Intuit doesn't charge financial institution's a fee for Express Web
Connect as it enables them to gain access to valuable customer data.
Quicken pays Intuit for access to the data which may contribute to
Quicken's higher price.

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Schwab now using new "Express Web Connect Plus"...... by Andrew on Nov 19th 2021, 16:28
Re: Schwab now using new "Express Web Connect P...... by John Pollard on Nov 24th 2021, 14:52
Re: Schwab now using new "Express Web Connect P...... by Sherlock on Nov 24th 2021, 20:56
Re: Schwab now using new "Express Web Connect P...... by Arthur Conan Doyle on Nov 27th 2021, 14:11