Automatic link to bank statements – Security update

Automatic link to bank statements – Security update

We have seen a recent increase in questions about linking bank account statements to expense software.

Whilst we are aware that a small number of providers advertise this service, MyExpenses will not follow suit due to serious security concerns.

As the software providers do not work in partnership with the banks, they use a process commonly known as “Screen Scraping” to copy your transaction details. For this to be successful the user must provide their internet banking login details to be stored and accessed by the 3rd party supplier.

Sharing sensitive information such internet banking passwords puts both your users and business at risk of monetary and identity theft. MyExpenses will never ask you for this information.

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