What is "Express Web Connect+"

retird
retird Member ✭✭✭
What is this and what is the difference between it and the old "Express Web Connect"?
Windows 10 and Windows 11 (separate computers)..... Quicken Premier (latest update) 20+ year user

Comments

  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    edited November 15
    Express Web Connect+ is just like Express Web Connect except, instead of maintaining the authentication credentials, Intuit maintains a certificate provided by the financial institution when you successfully authenticated.
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    edited November 15
    Capital One also uses it - created the "EWC+" connection quite awhile ago....
    not sure how many others, as not really defined or listed in the Quicken FI configuration file
    07492    07492    07492    Capital One Card Services    https://www.capitalone.com/    1-800-955-7070    https://verified.capitalone.com/sic-ui/#/signin    ACTIVE        
    CREDIT&WEB-CONNECT        
    BANKING,CREDIT,ACCOUNTINFO&EXP-WEB-CONNECT  
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  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Ps56k2 said:
    Capital One also uses it - created the "EWC+" connection quite awhile ago....
    not sure how many others, as not really defined or listed in the Quicken FI configuration file
    07492    07492    07492    Capital One Card Services    https://www.capitalone.com/    1-800-955-7070    https://verified.capitalone.com/sic-ui/#/signin    ACTIVE        
    CREDIT&WEB-CONNECT        
    BANKING,CREDIT,ACCOUNTINFO&EXP-WEB-CONNECT  
    As far as I know Capital One and Charles Schwab are the only ones using it at this point.

    I do wonder about the new flow which that is needed for investment accounts.

    Whereas I could easily see the system to fetch the QFX file (which is just the response from a send transactions message in Direct Connect/OFX protocol) how that might be "saved" in all the layers between Quicken and the financial institution is "different", because in the past neither Intuit or the Quicken servers were in the middle of this.  Now they are.
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  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    Chris_QPW said:
    Ps56k2 said:
    Capital One also uses it - created the "EWC+" connection quite awhile ago....
    not sure how many others, as not really defined or listed in the Quicken FI configuration file
    07492    07492    07492    Capital One Card Services    https://www.capitalone.com/    1-800-955-7070    https://verified.capitalone.com/sic-ui/#/signin    ACTIVE        
    CREDIT&WEB-CONNECT        
    BANKING,CREDIT,ACCOUNTINFO&EXP-WEB-CONNECT  
    As far as I know Capital One and Charles Schwab are the only ones using it at this point.

    I do wonder about the new flow which that is needed for investment accounts.

    Whereas I could easily see the system to fetch the QFX file (which is just the response from a send transactions message in Direct Connect/OFX protocol) how that might be "saved" in all the layers between Quicken and the financial institution is "different", because in the past neither Intuit or the Quicken servers were in the middle of this.  Now they are.
    There are already a few (~63) financial institutions supporting the Express Web Connect connection method with access to investment accounts.
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    @Sherlock Hmm, I didn't know that.  Thanks.
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  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    Sherlock said   There are already a few (~63) financial institutions supporting the Express Web Connect connection method with access to investment accounts.
    Can you share a couple of examples.... must have run a search for "investment" & "EWC"

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  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Ps56k2 said:
    Sherlock said   There are already a few (~63) financial institutions supporting the Express Web Connect connection method with access to investment accounts.
    Can you share a couple of examples.... must have run a search for "investment" & "EWC"

    You can search the fidir.txt file for INVESTMENT&EXP-WEB-CONNECT.
    Ally Invest Securities is one example.
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  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    edited November 15
    Ps56k2 said:
    Sherlock said   There are already a few (~63) financial institutions supporting the Express Web Connect connection method with access to investment accounts.
    Can you share a couple of examples.... must have run a search for "investment" & "EWC"

    Are you really incapable of searching the fidir.txt file yourself?

    Ally Invest Securities
    Alpine Trust & Investment Group
    Ameriprise Brokerage 133 Web
    Arvest Asset Management
    Arvest Investments - Wealth
    Atlantic Trust
    Atlantic Trust External Custody
    BancWest Investment Services
    BancorpSouth AM&T
    Bank of America-Wealth Management
    Boston Private Bank - Investment
    Central Bank & Trust Co
    Central State Bank, IA - Trust
    Charles Schwab & Co., Inc.
    Coconut Grove Trust & Wealth Mgmt
    Commerce Trust Company - MO,KS,IL
    Davenport & Company LLC
    Edward Jones
    Equitable Life Insurance Company
    Fifth Third Investment and Trust
    Finemark National Bank and Trust
    First Century
    First Clearing, LLC
    First Merchants Bank
    Firstrade Securities Inc.
    Franklin Templeton Investments
    Hilliard Lyons Trust Company, LLC
    ICMA-RC IRA
    Jefferson State Bank TX
    Key Private Bank
    LPL Financial
    Landmark Bank Wealth MO OK TX
    M&T Bank Corporation
    MFS Investment Management
    MidFirst Trust Company
    Momentum Financial
    Neuberger Berman BD LLC
    Oakworth Capital Bank Inv
    Old National Wealth Management
    Orrstown Financial Advisors
    PNC Private Bank Trust Web Connect
    People's United Bank
    Quad City Bank & Trust Co - Trust
    Quicken E*TRADE
    Retirement Access - Employee
    Stifel Nicolaus
    The Adirondack Trust Company-Inv
    The Glenmede Trust Company
    The Haverford Trust Company
    The Whittier Trust Company
    The Whittier Trust Company Nevada
    Titan Investments
    U.S. Bancorp Investments, Inc.
    USAA FSB Trust Services
    Union Bank and Trust Co.
    Union Savings Bank - CT
    Verisight, Inc.
    Wealthfront Inc.
    Wedbush Morgan Securities, Inc
    Wells Fargo Advisors
    Wells Fargo Trust-Investment Mgt
    William Blair -My William Blair
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    edited November 15
    tnx - yeah... quite a few -
    07496    07496    07496    Ally Invest Securities    https://www.ally.com/    1-877-247-2559   
    https://secure.ally.com/    ACTIVE
    INVESTMENT&WEB-CONNECT        
    INVESTMENT&EXP-WEB-CONNECT   

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  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    Sherlock said:  Are you really incapable of searching the fidir.txt file yourself? 
    tnx for the nicely formatted names-only list of EWC+ entries -
    AND - for getting me up off the couch (and phone) to run upstairs (and desktop) to look at the FIDIR file -

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  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    Ps56k2 said:
    Sherlock said:  Are you really incapable of searching the fidir.txt file yourself? 
    tnx for the nicely formatted names-only list of EWC+ entries -
    AND - for getting me up off the couch (and phone) to run upstairs (and desktop) to look at the FIDIR file -

    The list provided is of financial institutions that support investment accounts using the Express Web Connect connection method.  The fidir.txt does not distinguish between Express Web Connect and Express Web Connect+.
  • markus1957
    markus1957 SuperUser, Windows Beta Beta
    Interesting that neither Schwab nor Capital One appear in your list?
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Interesting that neither Schwab nor Capital One appear in your list?
    Capital One doesn't have investment accounts.

    Charles Schwab is there, but needs a slightly different search since it supports 401Ks too:
    68824 68824 68824 Charles Schwab & Co., Inc. https://www.schwab.com/ 866-855-9102 https://www.schwab.com/ ACTIVE BANKING,CREDIT,ACCOUNTINFO,INVESTMENT,401K&EXP-WEB-CONNECT NOT_QBP NA

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  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    Note:  There are only 4 ill-advised financial institutions that only provide support for investment accounts using the unreliable Express Web Connect connection method:

    Arvest Investments - Wealth
    Charles Schwab & Co., Inc.
    Momentum Financial
    Titan Investments
  • retird
    retird Member ✭✭✭
    > @Sherlock said:
    > Note:  There are only 4 ill-advised financial institutions that only provide support for investment accounts using the unreliable Express Web Connect connection method:
    >
    > Arvest Investments - Wealth
    > Charles Schwab & Co., Inc.
    > Momentum Financial
    > Titan Investments

    hum, I thought I read in the Community that Charles Schwab &Co Inc. would go back to Direct Connect after the changeover is completed by Nov. 18. Is that not true??
    Windows 10 and Windows 11 (separate computers)..... Quicken Premier (latest update) 20+ year user
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    retird said:
    hum, I thought I read in the Community that Charles Schwab &Co Inc. would go back to Direct Connect after the changeover is completed by Nov. 18. Is that not true??
    You heard wrong.  The whole point of the changeover is to stop using Direct Connect in favor of Express Web Connect +.
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  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    retird said:
    > @Sherlock said:
    > Note:  There are only 4 ill-advised financial institutions that only provide support for investment accounts using the unreliable Express Web Connect connection method:
    >
    > Arvest Investments - Wealth
    > Charles Schwab & Co., Inc.
    > Momentum Financial
    > Titan Investments

    hum, I thought I read in the Community that Charles Schwab &Co Inc. would go back to Direct Connect after the changeover is completed by Nov. 18. Is that not true??
    I have not read that. 
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭

    partial text from the Schwab link  -
    https://www.schwab.com/legal/public-security-tips-popup

    Q: How will the Schwab API work?

    A: Through Schwab's API connection, third party data aggregators who agree to data access terms with Schwab will continue to have client-authorized access to certain client data in a protected environment. In turn, clients will have greater control over and better transparency into what data they share and with whom they share their data.

    Through its API development and the migration of third-party financial technology companies to its API network, Schwab provides a more secure, client-controlled authentication process.

    Here's how the API will work to protect Charles Schwab clients:

    • Protection—The API issues a "virtual" token to third parties for client data to ensure client account credentials are safe. Available multi-factor authentication provides an added layer of user identification.
    • Data Privacy—Through the Schwab API, clients can choose to grant access to specific accounts and specific third parties to ensure the right data is selected. Consent to allow access to data through explicit disclosures is logged and archived.
    • Transparency and Control—Clients are not required to share their log-in credentials outside of Schwab. They will have higher visibility and transparency into linked accounts, including which third parties are accessing their data and the type of data through the Schwab Security Center and can easily view and change access at any time.

    Q: Has Schwab agreed to Data Access terms with any third parties?

    A: In 2020, Schwab has communicated, via press release, the successful signing of Data Access Agreements (DAA) with 3 prominent financial technology companies: Envestnet Yodlee, Intuit, and eMoney Advisor. These three companies comprise approximately 70% of data aggregation services used by Schwab clients. Schwab has already provided testing-based access to its API to several data aggregators who have been actively engaged with us to enable adoption of our more secure access method.

    We are also actively partnering with several additional leading financial technology companies who share the mutual goal of providing clients with access to their data in a more secure and transparent manner.


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  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    The “plus” on the term “Express Web Connect” is an interesting (one might say marketing) use.

    Express Web Connect by definition is “Intuit having an agreement with the financial institution, on how to connect, and download transactions.”  It has been quite clear from almost the start of Express Web Connect that different financial institutions have different agreements with Intuit.  Sure there will be a lot of reusing/suggesting on Intuit’s part for how to do this, but the point is, that there was never “one standardised protocol”.  This by its nature is exactly why you have constant problems.

    So what does the “Plus” bring to the table as been “new”.  Capital One’s agreement/work work with Intuit/Quicken Inc was for the purpose of setting up an API.  And of course it was hyped to be the “solution” and that there was a hope that all the financial institutions would adopt it.  And of course that all worked out as planned, whereas Capitol One was one of the most reported financial institutions with problems before “Plus” now they aren’t, right?

    And all the financial institutions picked up and now use that API, right?  (I don’t know of any that do, and from what I can tell Charles Schwab’s API isn’t the same one).

    In the rider.txt there isn’t even a setting for Express Web Connect +, both Capital One and Charles Schwab are both listed as Express Web Connect.

    I’m sorry all of this sounds like marketing hype to me.

    I would like to point out that what Charles Schwab is doing is the “right thing”.  The giving out of passwords to “apps” really should go away.  I would point out though this could have been wrapped around the connection for Direct Connect, so why didn’t they?

    I think the main reason is so that Charles Schwab can have the same API for all their aggregators.
    On the Quicken side, they like it better too because with Direct Connect it is Quicken talking directly to the financial institution, and would have to be changed of how Direct Connect connects.  Whereas they can pretty much do nothing and let Intuit do all the changes on their servers when using Express Web Connect.
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  • retird
    retird Member ✭✭✭
    > @Chris_QPW said:
     I would point out though this could have been wrapped around the connection for Direct Connect, so why didn’t they?
    >

    > On the Quicken side, they like it better too because with Direct Connect it is Quicken talking directly to the financial institution, and would have to be changed of how Direct Connect connects.  Whereas they can pretty much do nothing and let Intuit do all the changes on their servers when using Express Web Connect.

    Just to highlight what you said..... Agree 100%.....
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  • retird
    retird Member ✭✭✭
    edited November 30
    OK after all this banter I still don't know What Express Web Connect+ is.  Quicken only identifies 3 connection types (from Quicken's web site):

    There are three ways Quicken interacts with your bank:  

    • Express Web Connect (Quicken Connect in Quicken for Mac)
    • Direct Connect
    • Web Connect
    So, again, what is Express Web Connect+?  We have been connected to Schwab with EWC+ so we deserve an answer I think.
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  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    edited November 30
    retird said:
    OK after all this banter I still don't know What Express Web Connect+ is.  Quicken only identifies 3 connection types (from Quicken's web site):

    There are three ways Quicken interacts with your bank:  

    • Express Web Connect (Quicken Connect in Quicken for Mac)
    • Direct Connect
    • Web Connect
    So, again, what is Express Web Connect+?  We have been connected to Schwab with EWC+ so we deserve an answer I think.
    Again, Express Web Connect+ is just like Express Web Connect except, instead of maintaining the authentication credentials, Intuit maintains a certificate provided by the financial institution when you successfully authenticated.

    This means instead of saving the name and password you use to sign-in to Schwab, Intuit receives a unique token from Schwab that only Intuit may provide to access your accounts at Schwab.
  • retird
    retird Member ✭✭✭
    edited November 30
    Sherlock said:
    retird said:
    OK after all this banter I still don't know What Express Web Connect+ is.  Quicken only identifies 3 connection types (from Quicken's web site):

    There are three ways Quicken interacts with your bank:  

    • Express Web Connect (Quicken Connect in Quicken for Mac)
    • Direct Connect
    • Web Connect
    So, again, what is Express Web Connect+?  We have been connected to Schwab with EWC+ so we deserve an answer I think.
    Again, Express Web Connect+ is just like Express Web Connect except, instead of maintaining the authentication credentials, Intuit maintains a certificate provided by the financial institution when you successfully authenticated.
    So..... does Quicken have 4 ways to connect to financial Institutions now?  Quicken web site only shows 3, as I posted.... guess they need to update their web site ocassionally.... and solve some of the long term  issues of others... I'm all set except 1 issue that's ongoing since September of last year....
    Windows 10 and Windows 11 (separate computers)..... Quicken Premier (latest update) 20+ year user
  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    retird said:
    Sherlock said:
    retird said:
    OK after all this banter I still don't know What Express Web Connect+ is.  Quicken only identifies 3 connection types (from Quicken's web site):

    There are three ways Quicken interacts with your bank:  

    • Express Web Connect (Quicken Connect in Quicken for Mac)
    • Direct Connect
    • Web Connect
    So, again, what is Express Web Connect+?  We have been connected to Schwab with EWC+ so we deserve an answer I think.
    Again, Express Web Connect+ is just like Express Web Connect except, instead of maintaining the authentication credentials, Intuit maintains a certificate provided by the financial institution when you successfully authenticated.
    So..... does Quicken have 4 ways to connect to financial Institutions now?  Quicken web site only shows 3, as I posted.... guess they need to update their web site ocassionally.... and solve some of the long term  issues of others... I'm all set except 1 issue that's ongoing since September of last year....
    No.   Quicken does not have 4 ways to connect to financial Institutions now.


  • retird
    retird Member ✭✭✭
    edited November 30
    Sherlock said:
    retird said:
    Sherlock said:
    retird said:
    OK after all this banter I still don't know What Express Web Connect+ is.  Quicken only identifies 3 connection types (from Quicken's web site):

    There are three ways Quicken interacts with your bank:  

    • Express Web Connect (Quicken Connect in Quicken for Mac)
    • Direct Connect
    • Web Connect
    So, again, what is Express Web Connect+?  We have been connected to Schwab with EWC+ so we deserve an answer I think.
    Again, Express Web Connect+ is just like Express Web Connect except, instead of maintaining the authentication credentials, Intuit maintains a certificate provided by the financial institution when you successfully authenticated.
    So..... does Quicken have 4 ways to connect to financial Institutions now?  Quicken web site only shows 3, as I posted.... guess they need to update their web site ocassionally.... and solve some of the long term  issues of others... I'm all set except 1 issue that's ongoing since September of last year....
    No.   Quicken does not have 4 ways to connect to financial Institutions now.


    OK... so the term EWC+ means it still goes thru Intuit just like EWC so Schwab downgraded from Direct Connect  to EWC+ which is not as stable....... shame.....
    Windows 10 and Windows 11 (separate computers)..... Quicken Premier (latest update) 20+ year user
  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    retird said:
    Sherlock said:
    retird said:
    Sherlock said:
    retird said:
    OK after all this banter I still don't know What Express Web Connect+ is.  Quicken only identifies 3 connection types (from Quicken's web site):

    There are three ways Quicken interacts with your bank:  

    • Express Web Connect (Quicken Connect in Quicken for Mac)
    • Direct Connect
    • Web Connect
    So, again, what is Express Web Connect+?  We have been connected to Schwab with EWC+ so we deserve an answer I think.
    Again, Express Web Connect+ is just like Express Web Connect except, instead of maintaining the authentication credentials, Intuit maintains a certificate provided by the financial institution when you successfully authenticated.
    So..... does Quicken have 4 ways to connect to financial Institutions now?  Quicken web site only shows 3, as I posted.... guess they need to update their web site ocassionally.... and solve some of the long term  issues of others... I'm all set except 1 issue that's ongoing since September of last year....
    No.   Quicken does not have 4 ways to connect to financial Institutions now.


    OK... so the term EWC+ means it still goes thru Intuit just like EWC so Schwab downgraded from Direct Connect  to EWC+ which is not as stable....... shame.....
    Correct.  EWC+ is just a flavor of EWC.  Schwab decided to terminate their support for their Direct Connect server to save money.