History
The OFX standard was announced on the 16 January 1997 by Microsoft, Intuit and CheckFree and was designed as a unified technical specification to converge their respective mechanisms. The first OFX specification, version 1.0, was released on February 14, 1997.
The specification allows for bank and application specific extensions, although only a subset is necessary to describe a financial transaction. Since the current version is a flavour of XML, it is simple to create well-formed OFX documents.
Versions 1.0–1.6 relied on SGML for data exchange whereas all versions since are XML based. According to the main OFX site: "The specification is freely licensed, allowing any software developer to design an interface that will be supported on the front-end."
Read more about this topic: Open Financial Exchange
Famous quotes containing the word history:
“What you don’t understand is that it is possible to be an atheist, it is possible not to know if God exists or why He should, and yet to believe that man does not live in a state of nature but in history, and that history as we know it now began with Christ, it was founded by Him on the Gospels.”
—Boris Pasternak (1890–1960)
“We have need of history in its entirety, not to fall back into it, but to see if we can escape from it.”
—José Ortega Y Gasset (1883–1955)
“When the landscape buckles and jerks around, when a dust column of debris rises from the collapse of a block of buildings on bodies that could have been your own, when the staves of history fall awry and the barrel of time bursts apart, some turn to prayer, some to poetry: words in the memory, a stained book carried close to the body, the notebook scribbled by hand—a center of gravity.”
—Adrienne Rich (b. 1929)