Ofx.net
Title
OFX: Home Page
Description
Open Financial Exchange is a specification for the electronic exchange of financial data between financial institutions, business and consumers via the Internet. Created by CheckFree, Intuit and Microsoft in early 1997, Open Financial Exchange supports a wide range of financial activities including consumer and small business banking, consumer and small business bill payment, bill presentment, and investments tracking, including stocks, bonds, mutual funds, and 401(k) account details. Since 2000, with the 2.0 specification, OFX has become XML 1.0 compliant and has added 1098, 1099 and W2 tax form download capabilities.
Open Financial Exchange, which enables transactional, permissive, data feed driven Web sites, thin clients and personal financial software, streamlines the process financial institutions need to connect to multiple customer interfaces, processors and systems integrators. By making it more compelling for financial institutions to implement online financial services, Open Financial Exchange is accelerating the adoption of online financial services by financial institutions and their customers.
The Open Financial Exchange specification is publicly available for implementation by any financial institution or vendor. As of March 2004 OFX is supported by over 2000 banks and brokerages as well as major payroll processing companies. The latest version of OFX is 2.0.2.
