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  1. Bank Feed - Charities Aid Foundation (CAF)

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    299 comments  ·  Banking & chart of accounts » Bank feeds  ·  Admin →
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    Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, we appreciate the growing interest this idea's gaining and want you to know our product teams are very attuned to our customers desire for a bank feed for CAF bank.

    We're continuing to work closely with our third party integrators to make more bank feeds available via open banking. A feed for CAF is high on our agenda, however we're reliant on third party integrators to support this integration in order for us to deliver this for you all.

    I want to assure you we're pushing for it's integration, but we cannot commit or confirm a timeline for this work to be undertaken.

    As soon as there's progress to share we'll happily provide further updates for you all.

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    Lisa Keenan commented  · 

    i am also very keen for this integration to take place.

    I am getting mixed messages from CAF Bank and Xero,
    CAF Bank says, 'At this point, QuickBooks is the only accounting software we are connected to.

    The online banking platform has the capability to connect to Xero, but we are waiting on them, to enable are customers to make this link.'

    Xero says
    'In the UK, Xero supports direct API connections provided via Open Banking. The type of connection CAF Bank offers is through Modified Customer Interface (MCI), which is less secure and convenient than a direct API connection. The Financial Conduct Authority (FCA) has proposed the mandatory use of API connection for banks and is planning to phase out MCI in the future.

    Xero doesn’t have any plans to connect to banks that use MCI. Our preference is to use a direct API connection as it provides additional security.'