Wells Fargo & Company has licensed the Financial Fusion Server with UniversalOFX to support its current OFX (Open Financial Exchange) strategy, including its mobile e-banking service, and future IFX (Interactive Financial Exchange) development for the exchange of financial information over the Internet.
"OFX and IFX are key to Wells Fargo's strategy for connectivity for our wireless banking solution, personal financial managers (Microsoft's Money and Intuit's Quicken), and bill payment and presentment providers," says Luke Percario, vice president, Internet commerce engineering, Wells Fargo.
He says the product provides an architecture that can accommodate intense volume and functionality growth as both the needs of customers and the online banking industry evolve.