« Zions Bank also offers Trusteer Rapport | Main | FinovateStartup09 Demo Videos Now Available Online »

Microsoft to discontinue selling Microsoft Money immediately, end online service in two years

By Jim Bruene on June 10, 2009 5:14 PM | Comments (1)

imageMicrosoft will stop selling its Microsoft Money packaged personal finance management (PFM) software at the end of this month (FAQ here). Online services will expire Jan. 31, 2011, or earlier depending on when users activated their program.

The company will continue its online-only account management and bill pay services at MSN Money. Banks supporting direct downloads to the program, such as US Bank and Wells Fargo, will have to migrate users to other options, most likely Intuit's Quicken.

For me, it's an end of an era. The main reason I became involved in the online banking industry was to participate in a four-bank group that worked with Microsoft to add online banking and bill pay to Microsoft Money 3.0 (note 1), released in Feb. 1994 (see inset). It was an industry milestone and a major coup for the company at the time, bringing online banking to its PFM more than two years ahead of Quicken. 

So, after 15 years of using the program, I'll finally have to make the long overdue move to QuickBooks to manage our company finances. But to be safe, I'm going with QuickBooks online, which I'm guessing will not become obsolete in my lifetime.

Microsoft Money Plus page announces the end of the line (link, 9 June 2009)

image

Notes:
1. According to Wikipedia, Microsoft Money is currently on version 17.

Comments (1)

Most Recent Posts:

TrackBack

TrackBack URL for this entry:
http://www.netbanker.com/cgi-bin/mt/mt-t.cgi/2140

1 Comments

This will have a significant impact for many banks and accountants. I am amazed that there is not much media hype over this.

Upcoming Events

Recent Research

  • NEW! Mobile Banking Security: The new channel is a boon for improving security, both real and perceived - Find out more
  • NEW! Money 3.0: Payments Go Mobile Apple, Bitcoin, & mobile apps are changing the game. What’s a bank to do? - Find out more
  • NEW! Digital Banking Forecast: Current, future and historical usage: 1994 to 2023 - Find out more

 

   

RSS Subscribe via RSS
RSS Subscribe to Comments



Email:


@NetBanker Twitter Feed



See all @NetBanker tweets