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Microsoft Money is a discontinued personal finance management software program by Microsoft. ... MSN Money app icon. ... Microsoft - Download Money Plus Sunset Deluxe;
Many banks in the US let customers use personal financial management software to automatically download their bank statements in OFX format, but most Canadian, [7] [8] [9] United Kingdom and Australian banks do not allow this, however, many banks do support downloading financial data in OFX, QFX, QIF, or spreadsheet format via their web interface for later import into financial software.
It is commonly supported by financial institutions to supply downloadable information to account holders, especially by banks that support integration of Money or Quicken with their online banking. Not everybody, however, was, or is, happy with this replacement. Some banks dislike it because Quicken (Intuit) charges licensing fees to use QFX.
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The service was launched exclusively to Windows 10 Mobile in conjunction with an update to Microsoft's Wallet app. The launch of the Microsoft Wallet service established Microsoft's own in-house mobile payment platform, enabling it to bypass its prior dependencies on third parties for contactless payments on Windows-based smartphones.
Later in 1990 Microsoft released their own PFM platform called Microsoft Money. Microsoft worked with Intuit and CheckFree in 1997 to create Open Financial Exchange (OFX), which allowed financial institutions to exchange data with web users, paving the way for online PFM software. [5] Yodlee was founded in 1999.