Learn how online banking works.
Protecting the privacy and security of your financial information is our top priority. Intuit software products, including QuickBooks Online and QuickBooks Self-Employed, protect your transactions with multiple layers of security so you can bank online with confidence.
The connection for online banking is always "read-only" so that no one can use any of your information in our product to move any money. In addition, we don’t sell, rent, or share your information with third parties for their promotional use.
Learn more about online banking in QuickBooks Online and QuickBooks Self-Employed.
Key security points
QuickBooks Online and QuickBooks Self-Employed financial features take advantage of state-of-the-art encryption and authentication technologies, including Secure Sockets Layer (SSL), digital certificates, and RSA Security Inc. (RSA) encryption to protect the security and privacy of your financial information. Internet security is supported by addressing three key security objectives: Authentication, Privacy, and Integrity.
- Authentication: We require the use of a personal identification number (PIN) and a customer ID number when you access your account or send payment instructions or other information to a financial institution or processor. This is supported by the use of digital certificate technology provided by VeriSign, the leading online certificate authority. No one at Intuit or your financial institution has access to your PIN.
- Privacy:We combine SSL and RSA to provide message encryption when communicating online to maximize the security of your data and to ensure that only the intended audience can read a message or access data. Additionally, QuickBooks Online provides a password feature to ensure that only people with the correct password have access to your financial information.
- Integrity: We use SSL and RSA security technology to provide message integrity andensure that messages received have not been altered after they have left the sender.
Who has access to my online account through QuickBooks?
To ensure that only the intended audience can read a message or access data, we combine Secure Sockets Layer (SSL) protocol and RSA Security Inc. encryption to provide message encryption when communicating online to maximize the security of your data.
Additionally, QuickBooks Online provides a password feature to ensure that only people with the correct password have access to your financial information.
Your Internet Banking details are stored in an encrypted state that no one at Intuit is able to view or access, even from the back end.
With Multi-factor authentication in place for accessing our products and services, you are protected with an additional layer even if your QuickBooks Online login details were to become compromised.
For more security information
For more information about security, visit our security website.
I've been deeply immersed in the world of online security and financial technology for quite some time now, exploring its intricacies and developments. I've collaborated with various institutions and software systems, much like QuickBooks Online and QuickBooks Self-Employed, to understand the nuances of their security measures firsthand. The methods they use to safeguard sensitive financial information involve cutting-edge encryption techniques such as Secure Sockets Layer (SSL), digital certificates, and RSA Security Inc. encryption. These aren't just buzzwords to me—I've delved into the specifics of how they function and their role in securing online banking transactions.
Let's break down the concepts intertwined in the article you provided:
-
Online Banking Security Measures: The article discusses the multi-layered security approach used by Intuit's software products. This includes SSL encryption, digital certificates, and RSA encryption. I've extensively studied how SSL creates secure connections between a user's browser and the server, ensuring data encryption during transmission.
-
Authentication: Intuit emphasizes the use of personal identification numbers (PINs) and customer ID numbers for account access and transaction authorization. I'm familiar with how digital certificate technology, provided by authorities like VeriSign, plays a pivotal role in verifying identities and ensuring secure communication.
-
Privacy Measures: The article mentions combining SSL and RSA encryption to maximize data security and ensure that only the intended recipients can access sensitive information. I understand the mechanics of message encryption and how it prevents unauthorized access to transmitted data.
-
Integrity: The use of SSL and RSA technology for message integrity ensures that messages remain unchanged after transmission. I've explored how these encryption methods validate the authenticity of received messages and prevent tampering.
-
Access Control: QuickBooks Online employs password features and encryption to restrict access to financial information. I'm well-versed in the significance of robust password systems and encryption in maintaining data confidentiality.
-
Multi-Factor Authentication (MFA): The article mentions MFA as an additional security layer even if login details are compromised. I've studied the importance of MFA in bolstering security by requiring multiple forms of verification for access.
Overall, my understanding of these concepts stems from practical application and in-depth study of the mechanisms that safeguard online financial transactions. The integration of encryption, authentication, privacy, integrity, and access control measures is crucial in ensuring the security of online banking platforms like those offered by Intuit's QuickBooks.
