While our aggregation provider has always encrypted and stored your Express Web Connect bank account credentials, with this newer, more modern platform, we’re actually increasing the security of Express Web Connect. The safety of your data is our number-one concern, and nothing is changing about where your data is stored.
Just as Quicken has always functioned, your encrypted credentials are stored with our aggregation provider, and they pull your transactions from your banks using those credentials.Įntering the password before a One Step Update was just an additional verification step, to ensure that if someone accessed your file they could not run a One Step Update you can maintain this same level of verification by adding a data file password to your file. Why don't I have to enter my passwords?Īs part of this move, we’re removing the additional step of entering Express Web Connect account passwords before a One Step Update, because this step is not required to pull your latest transactions. As part of this update, you’ll no longer need to take the additional step of entering your Express Web Connect bank passwords when you update your accounts, and you’ll also no longer see your Express Web Connect credentials in the Password Vault. Quicken will continue to function in the same way your encrypted credentials are stored with our aggregation provider, and they pull your transactions from your bank using those encrypted credentials. The new aggregation platform is more secure, faster, and will help reduce online banking errors.
Quicken is updating to a new, modern aggregation platform, with the same trusted bank aggregation partner. For more information on how Express Web Connect works, please see the section Express Web Connect / Quicken Connect – Details in this FAQ.
Quicken then passed these credentials to our aggregation provider, who encrypted and stored your credentials on their servers in order to enable you to quickly download your banking transactions. When you set up your Express Web Connect accounts, you entered your username and password for your bank.