What will stop users from sharing Quicken Account's username & passwords?

kydave

What will stop users from sharing Quicken Account's username & passwords?
As long as users don't use the Payment feature, I think this would work great.

splasher

You are correct, if you stay away from QMobile/QWeb or uploading your portfolio to Quicken for profiling, your data is only on your local computer EXCEPT for the Express Web Connect aggregation servers.  See this article ( https://www.quicken.com/support/how-quicken-connects-your-bank ) for how that comes into play, but that data is still strictly tied to the data file that it is generated for.
When QMobile was first introduced back in QW2013, it only required an Intuit Id.  Anybody could get an Intuit Id, so back then, you could have given the software to a thousand friends and everybody"s data would have been safe from each other, with subscription Quicken, they have reduced it to having a valid subscription with only one QID, which means that those those thousand friends would be exposing their data to the others if they used QMobile.
There was no installation counter in the past, it was all on the honor system, it still is today, but there are possible security consequences with doing so today.
So, @kydave , I'm not sure why you are so concerned about this possible software piracy, nothing has really changed, people that violated the license before can still do so, but it does shut down users from reselling their license/CD since the activation code can only be used once, so buyer beware, buying off of ebay or street corners may get you an unusable activation code, so be sure to purchase with some sort of buyer protection refund guarantee like PayPal provides.

smayer97

Summary: Be aware that there are caveats to this approach (some not mentioned before):

• Since there is only one Quicken ID per Quicken Account, only one credit score, Zillow score, and other data are available via the Quicken Cloud.
• Only one e-mail or phone number can be used for Multi-factor authentication in order to login to Quicken.
• Anyone with access to the Quicken ID has access to any/all your personal info that is available via My Account on Quicken.com, where they could update the password, billing information, etc.
• Any data file with the same Quicken ID can access any cloud data from any other data file tied to the Quicken ID (relevant for mobile sync and EWC aggregation). (It is unclear whether having a file password could prevent that.)

So, in short, if there are multiple users involved in sharing the same Quicken ID (typical in the same household) be mindful with whom you are sharing your Quicken ID and password.

Ps56k2

Huh ?  You mean like sharing your Netflix ID/password with others ?  
OR ?

Your Quicken User ID / password - can potentially access all your data that may exist via the Quicken Mobile App or Quicken on the Web - all use the same ID / password.
So, whoever has your User ID / password - has access to your data -

Boatnmaniac

Please clarify what you mean.  Quicken doesn't share Quicken account holders' username and passwords with anyone.

If you are talking about financial accounts' username and password information you enter for OSU, you can delete your Password Vault and then manually enter all the login information each time you run OSU. 

Your PW Vault password is either your Quicken ID PW or a custom one you had previously selected.  That information is not shared with anyone else. 

You can edit/, delete, reset your PW Vault data and change your PW Vault password by clicking on "Password Vault" under "Tools".

splasher

kydave said:

What will stop users from sharing Quicken Account's username & passwords?
As long as users don't use the Payment feature, I think this would work great.

What stopped them in the past?  With the subscription and QMobile, sharing the Quicken Id and Password among users means that the other users may be able to have access to your information.

I hope you trust your friends, no less your family.

Boatnmaniac

Information about multiple software installations and sharing Quicken ID and PW: https://community.quicken.com/discussion/7856893/how-many-computers-can-have-quicken-downloaded

kydave

Thanks for the replies. Doesn't Quicken state that the account info & data are not sent to their servers? So, if users decide not to use the mobile app, isn't their info not available on the internet? Thus, no other user with the same account username & password would be able to view or even know other's bank account info. As I understand, the way I've been using Quicken, without mobile access, my data should only be on my PCs. Am I mistaken or has Quicken been lying to us? If my info/data is only on my PCs, then there would be no problem sharing username & passwords. Asking for a friend. :-)

kydave

Added a few minutes later.
Either the info mentioned previously is NOT on the internet or Quicken has been lying to users because when we are asked to send them our files for any reason, it is suggested we clean/purge personal info before sending files to Quicken.

ps56k " You mean like sharing your Netflix ID/password with others ? " YES, that is exactly what I meant.

If Quicken decides to go with subscription, I think this is a major flaw. Then if they limit access to only specific IP addresses it will further limit me using Quicken at a vacation home or at work.

Thanks again,
KY Dave

splasher

You are correct, if you stay away from QMobile/QWeb or uploading your portfolio to Quicken for profiling, your data is only on your local computer EXCEPT for the Express Web Connect aggregation servers.  See this article ( https://www.quicken.com/support/how-quicken-connects-your-bank ) for how that comes into play, but that data is still strictly tied to the data file that it is generated for.
When QMobile was first introduced back in QW2013, it only required an Intuit Id.  Anybody could get an Intuit Id, so back then, you could have given the software to a thousand friends and everybody"s data would have been safe from each other, with subscription Quicken, they have reduced it to having a valid subscription with only one QID, which means that those those thousand friends would be exposing their data to the others if they used QMobile.
There was no installation counter in the past, it was all on the honor system, it still is today, but there are possible security consequences with doing so today.
So, @kydave , I'm not sure why you are so concerned about this possible software piracy, nothing has really changed, people that violated the license before can still do so, but it does shut down users from reselling their license/CD since the activation code can only be used once, so buyer beware, buying off of ebay or street corners may get you an unusable activation code, so be sure to purchase with some sort of buyer protection refund guarantee like PayPal provides.

kydave

Splasher, thanks for your reply.

The answer you gave was what I thought it would be. The activation codes could be passed along with the username & password. I see these offers for other products fairly often.

IMO - The subscription model Quicken is invoking does nothing to limit piracy, it only demands more money from Quicken users, especially those that don't ever use their Bill Pay, Qmobile or Qweb features at all (such as myself). This will probably limit the amount of new users trying Quicken by adding a year's subscription cost to the try out price as well as driving current users to other products. Quicken's mileage may vary, but this maybe the downfall of this software.

Quicken could limit their losses by offering a stripped down version that downloads bank info without the other features that require secure servers to hold users' data for web access.

Thanks,
KY Dave

smayer97

Summary: Be aware that there are caveats to this approach (some not mentioned before):

• Since there is only one Quicken ID per Quicken Account, only one credit score, Zillow score, and other data are available via the Quicken Cloud.
• Only one e-mail or phone number can be used for Multi-factor authentication in order to login to Quicken.
• Anyone with access to the Quicken ID has access to any/all your personal info that is available via My Account on Quicken.com, where they could update the password, billing information, etc.
• Any data file with the same Quicken ID can access any cloud data from any other data file tied to the Quicken ID (relevant for mobile sync and EWC aggregation). (It is unclear whether having a file password could prevent that.)

So, in short, if there are multiple users involved in sharing the same Quicken ID (typical in the same household) be mindful with whom you are sharing your Quicken ID and password.

kydave

Thanks for the heads up. I don't intend to use the above scenario, I was just pointing out the possibility of abuse of the subscription plan. I have already developed a strategy for not being able to use Quicken's downloading features when the Quicken team takes away the primary reason I bought their software in the first place. I've found other software that downloads all my banking info and I've been using my bank's free payments for a week and just checking it against Quicken. When the subscription plan ends Quicken downloads, it won't bother me much. I am required to do one additional step that wasn't required with Quicken, but that is much better than paying the extra money required for a subscription and being held hostage for future price increases.

Thanks for your replies,
KY Dave