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Routing the data traffic through the secure API will provide information directly to the Intuit applications while freeing up server capacity on Chase’s website. No data reselling: Consistent with its Data Stewardship Principles, Intuit won’t sell customer data to third parties.Privacy: Chase and Intuit will strive to maintain industry best practices for data privacy and security.Customer control: Customers will give explicit consent for Intuit applications to use specific account information, and will be able to turn on and off access for Intuit applications.Convenience: Chase customers will see their banking information safely populated into the Intuit applications quickly.Once authorized, Chase will provide a secure token to Intuit to access customer data. Security: Customers will give explicit consent to share their data with Intuit.The Chase-Intuit agreement embodies five core attributes: “Intuit products, such as Mint, TurboTax Online and QuickBooks Online, provide tens of millions of people with a complete picture of their finances, so that they can make informed decisions for themselves or their business.” “We’re pleased to deliver a great experience for our shared consumer and small-business customers,” said Brad Smith, Intuit’s Chairman and CEO. “Customers will get to decide what they want to share and when they want to share it – without having to hand over their password.”

“The most important part of this is giving control to the customer,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. It uses a token to authorize Intuit to download the requested account information on behalf of the customer without requiring customers to give Intuit their Chase user name and password. The companies will use technology that will allow customers to authorize Chase to electronically share financial data securely with Intuit's financial management applications, such as Mint, Turbo Tax Online and QuickBooks Online.īoth Chase and Intuit continue to pursue similar agreements with other industry players seeking to give customers more control of their financial information while enhancing security.Ĭhase and Intuit will use a business-to-business, data-sharing connection called an application-programming interface (API) to download the information quickly and safely.