IngDirect download in Quicken

"Homer.Simpson" wrote in news:Xns964FD17F36704nope@204.153.244.170:

ING's security uses a username and password plus a rotating extra ID. In my case this is something like the first or last 3 or 4 digits of my national ID, or the year of my birth. Becuase of the constantly changing nature of this last ID, ther is no automatic login like most US banks have. AT least it is simpler than the ABNAmro bank which requires 2 ID like questions, plus an extra number. This is computed from a number presented by the website. You have to insert a smartcard into a reader, enter an ID phrase, then the number from the website. Then the reader computes the extra number, which you enter into the website. This last charade has to be repeated for each transaction you perform with the bank ... It's probably secure, but it does require patience, and I don't know what happens when the battery in the reader has run out. Probably it requires a 3-week trip to Holland .

Han said

Yes, I see. This is too bad. I don't see ING bank lasting long for me. However, since they gave me $50 for signing up, I think I'll hang on for a bit. ;-)

Are you serious? What a major hassle!

On Sat 07 May 2005 09:08:31p, Homer.Simpson wrote in news:Xns964FD70D2A45Fnope@204.153.244.170:

I believe that may be where the phrase "RU F'ING kidding me?" originated.

If you check ING Direct on the list of Quicken's Participating Financial Institutions, you will see they only offer WebConnect, which is browser-based. They do not offer DirectConnect which is seamless.

Mike B said

Thanks for the clarification. This will help if I evaluate another choice someday. Regards, HS

Just an FYI, I've had an ING account for a few years now and they used to have direct-connect from within Quicken but changed (backwards in my opinion) to only web-connect because they claimed they had better security with forcing the password and the rotating question. Maybe Intuit will add some form of real two-factor authentication capability in the future. Etrade is taking the initiative with giving out free SecurIDs to their customers. If they start requiring it to be used, that will break the current direct-connect from within Quicken unless Intuit adds support for it.

Steve