Intuit's OFX Connectivity for financial institutions brings your customer's banking data into Quicken and Quickbooks. Your costs and your customer's experience with the data depends on your connection type with Intuit.
Web Connect - contract with Intuit or your OFX/Online Banking Provider is required
Web Connect is a browser-based connectivity type that begins in online banking. End users will download a .qbo (QuickBooks) or .qfx (Quicken) file and import that file into QuickBooks or Quicken. This process does not require institution credentials to be entered in Quicken or QuickBooks since the file download occurs in the online banking product.
Products that support Web Connect: QuickBooks Desktop, QuickBooks Online and Quicken
Direct Connect - contract with Intuit or your OFX/Online Banking Provider is required
Direct Connect is a desktop software that is one of two automatic update options that communicates directly with the OFX servers at Fiserv. End users do not need to log in directly to online banking to use this connectivity type. Once connected, updates will occur when the end user initiates a new download request from within the online banking product. Direct Connect is the only two-way communication connectivity type, so additional services such as Bill Pay and in-product transfers can be supported.
Products that support Direct Connect: QuickBooks Desktop and Quicken
Express Web Connect - contract with your OFX/Online Banking Provider might be required
Express Web Connect is the second of two automatic update options. Unlike Direct Connect which communicates directly with the OFX servers at Fiserv, Express Web Connect utilizes aggregation to retrieve transactions from the online banking product. Intuit creates and manages this connectivity type when you have a contracted Web Connect or Direct Connect BID. Fiserv has allowed certification to Retail Online and Business Online; however, Express Web is not supported.
Products that support Express Web Connect: QuickBooks Online, Mint and Quicken