Landtech OFX Direct Access is available for checking, savings and credit card accounts.
Landtech OFX Direct Access simply provides a quick view of the activity in your bank account, savings or credit-card accounts. There is no capability to access the accounts to perform any transactions with Landtech OFX Direct Access. This makes Landtech OFX Direct Access an ideal tool to provide to others who may need to monitor your account activity such as accountants, auditors and bookkeepers. This would give them access to your account activity without providing them with the usernames and passwords of your accounts. They will be able to monitor your accounts without gaining access to your accounts through on-line banking. This eliminates the possibility of them performing unauthorized transactions in your bank accounts. With Landtech OFX Direct Access, they can only view transaction activity.
For your protection, Landtech OFX Direct Access encrypts the user name and password for banking accounts with the Advanced Encryption Standard (AES 256). It is the same encryption that secures online information and financial transactions by financial institutions, banks and ecommerce sites.
The entry Password into Landtech OFX Direct Access is protected by the Secure Hashing Algorithm (SHA-256) by implementing an algorithm for generating cryptographically secure one-way hash (also referred to as a message digest).
In order for Landtech OFX Direct Access to be operational, most banking institutions require that you sign-up for OFX access as a “separate process” from ordinary “on-line banking”. Therefore, you will need to contact your bank to enable OFX processing for your accounts should you decide to implement Landtech OFX Direct Access.
This is a quick and efficient tool to monitor your banking activity across multiple banking institutions. It is a must-have for the on-the-go personnel responsible for monitoring bank activity.
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