Budgeting Apps Feel the Pinch
Banks are raising concerns about the security of your data.
Tools that let you track all of your financial accounts in one place, such as Mint.com, rely on a steady flow of data from banks, brokerages and credit card issuers to operate smoothly. Lately, that steady access hasn’t been a given. Mint experienced disruptions in its feed from Chase last fall because of heavy traffic on the bank’s Web site. Plus, Chase later notified some customers that they would have to log in to their Chase accounts and go through steps to ensure that desktop applications such as Quicken would continue to sync data. About the same time, Mint users with Wells Fargo accounts dealt with service interruptions—possibly an inadvertent side effect of security updates.