Friday, August 29, 2008

Mint.com

I have to admit, I'm tempted. For those of you who haven't heard of it, there is a new service out there called Mint.com. It's a new online financial service that will probably prove itself to be a good contender against Intuit's online financial services.

Check it out for yourself at Mint.com, and when I'm think I will give it a try and a review in coming weeks, but for now I have a simple question to ask you.

Mint's security takes an interesting approach. They claim not to store any of your info, other than zip code and email address. They ask for your online bank username and password, but they do not store it. Your bank information is stored at a online financial service provider. What is that? Then they say they provide bank level security, in the following manner:

* Mint uses 128-bit SSL encryption to ensure that all communications between your browser and our Web site are secure.
  • We store transaction information in a secure facility, on our own servers, protected by 24/7 security guards and biometric scanners.
  • All Mint employees pass financial and criminal background checks as a condition of employment.
  • Mint.com has received the VeriSign security seal and is tested daily by Hackersafe.
  • Mint’s privacy protection standards are certified by TRUSTe.
  • Mint’s anti-phishing protection is provided by RSA Security, Inc.

Here's my question: Do you feel comfortable with these measures? Can you feel comfortable with security measures that you honestly don't understand? Are we ready to trust a third party with access to our bank info?

Chime in! Let me know what you think.

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