Quicken Online

Quicken Online to support iPhone

Excerpt:

On January 8, 2008, Intuit will reveal Quicken Online, a new version of their financial management software specifically designed to work online. The service operates through a Web browser using Adobe Flash 9 technology and will cost $2.99 per month.

Quicken Online isn't designed as a replacement or even as a supplement to the popular desktop financial management software for Mac OS X and Windows, according to Jim Del Favero, Quicken product manager. Instead, it's designed to appeal to a separate kind of users all together.

"We're expecting to appeal to people just out of college to their early 30s," Del Favero told Macworld. "People who have simpler financial needs, who are focused on knowing how much money they have and what bills need to be paid, and how to live within their means."

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Intuit utilizes a Multi-Factor Identification (MFI) system to make sure you're you when you log on, similar to what financial institutions require for you to log in to their online systems, though Del Favero indicates that Intuit's system is unique to them. The company is utilizing its own CustomerCentral system to manage data aggregation for Quicken Online.

It's a system that consolidates data from thousands of financial institutions throughout the world, and Del Favero says that this system has a variety of checks, balances, locks and security protocols to prevent thieves from breaking in and stealing your identity. Quicken Online has to go through the same security audit process that banks do, he added.

Comment: See my earlier comments on Cloud computing: "Comment: I've heard but cannot confirm that Intuit will soon offer an Internet based personal financial manager - think Quicken on the Internet."