Basic HTML version of Foils prepared July 6 99

Foil 63 Open Financial Exchange (1)

From Security Infrastructure fo Electronic Commerce and Internet CPS714 Computational Science Information Track -- June 2 and June 7 99. by Roman Markowski


1 Focus: User-to-Bank Transactions
2 Online banking standard from Microsoft, Checkfree and Intruit
3 Merger of 2 standards
  • Quicken: Open Exchange
  • Microsoft: Open Financial Connectivity
4 Built on open standards
  • SSL for channel security between Client and Server
  • TCP/IP and HTTP for transport
  • SGML for message formatting
5 Supported by: Web browsers and Desktop applications (Quicken, MS Money)

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