[Novalug] What leverage does Quicken/Intuit have?
Bryan J. Smith
b.j.smith at ieee.org
Wed Jan 6 13:26:44 EST 2010
Banks can export/import and Quicken can export/import several different,
closed and open interchange formats. Some are quite perpetual and used
by numerous institutions and software packages.
I think what this is referring to is Quicken's more "advanced, real-time"
interchange and support with select banks, and not a simple file format.
That costs money to support and utilize, especially if payment and other
services are utilized with it.
File formats can be no cost. Services are not. If you believe in the service,
and are willing to compensate for those services so they continue, it's not
what I call a "Hostageware" type service. It's what I call a "Commerceware"
type service (you select to engage in "commerce" with the service provider).
Not everything "proprietary" is bad. It means "of value." So if you are willing
to pay for something "of value," so it continues to be offered, then it is worth
it in Commercial sense. As long as it's not "Hostageware" (your data is lost
in an unsupported/unmaintained format/program), risk is reduced.
>From what I understand, you can still export and exchange using other
formats with Quicken.
----- Original Message ----
From: Jon LaBadie <novalugml at jgcomp.com>
I don't think it is a matter of the bank's running a particular version.
They just provide downloads and accept uploaded transactions using a
particular format that is not changing at this time. Simply the software
they are using checks the customer's version and on April 30 will refuse
to communicate with a customer version that Intuit wants to force into an
upgrade for more money.
More information about the Novalug