Open Access Connectivity

Open Access provides a secure and streamlined way for Business Online Banking and Business Online Banking Express users to connect their third-party financial management applications with several prominent account aggregators.

 Plaid

 MX

 Akoya

 Stripe

 Intuit

 Mastercard + Finicity

 Envestnet Yodlee

 Morningstar

Currently, users connecting to these aggregators do so through a process known as “screen scraping,” where the aggregator logs in to a customer's online bank account using the credentials users have provided. With Open Access, a direct API connection is added between the various aggregators and Business Online Banking/Business Online Banking Express.

What to Expect

Aggregator Transition: The timing for each aggregator varies, though it typically occurs within 30 to 60 days. Once the aggregator has transitioned your Business Online Banking/Business Online Banking Express connection, you will be prompted to reauthenticate. The process will include entering your Business Online Banking/Business Online Banking Express credentials, receiving and entering a one-time code, consenting to the aggregator’s disclosure and selecting the accounts you wish to share (see sample screenshots for Plaid below).

Company User Access (Business Online Banking only)

Open Access is a new entitlement that will be added to your company’s profile. The Primary Administrator for your company will be automatically enabled for the service; however, additional users must be granted access.

To update a user’s entitlement, navigate to Administration > Company Administration and select the user to update.  Click the “Edit” icon next to Services & Accounts, scroll to Open Access and click the “Plus sign” icon. Click the Save Changes button at the bottom of the page to confirm the change. Note – users must also be entitled to Information Reporting as a requirement for Open Access.

For questions or assistance, please contact Commercial Services at 877.516.2777 or commercialservices@midfirst.com.

The process will include entering your Business Online Banking/Business Online Banking Express credentials, receiving and entering a one-time code, consenting to the aggregator’s disclosure and selecting the accounts you wish to share (see sample screenshots for Plaid below).