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- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
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Wells Fargo Partners with Intuit
Wells Fargo has entered into a partnership with Intuit over sharing customer information with the technology company’s Mint, TurboTax and QuickBooks sites. The move follows a similar agreement last week between Intuit and JPMorgan Chase. The Mountain View, CA-based Intuit is pursuing similar deals with more than a dozen of the top U.S. banks and financial institutions, a spokesman said.
Under terms of the new agreement, SF-based Wells Fargo and Intuit will work together without requiring bank customers to share their passwords when they access bank information on the Intuit sites.
When Intuit customers are logged onto Mint, QuickBooks or TurboTax and want to set up or add a Wells Fargo account, they’ll be directed to a secure Wells Fargo server. After logging in to Wells Fargo, the customer can authorize which data to share with the Intuit sites or apps.
The companies – Wells Fargo and Intuit - plan to roll the new service by the second half of 2017.