The software maker also plans to continue its MSN Money Web site, although Sohn said the company opted not to try to recreate the full Money program on the Web. It will, however, let current partners re-brand themselves. "It just wont have the rich-services back end."Īlthough Microsoft will support current partners pushing data to Money users, it won't be adding any new institutions. "After Jan 31, 2011, the product will work," he said.
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At that point, consumers will have to manually download information from their banks and other service providers. Plus, he said, some people will continue to use it even after the automatic services stop. (Microsoft will support Money slightly longer for those who have recently bought the product, per its licensing terms).
Those who have recently bought the product, he said, still have a good while to get the value from it.
Sohn said that the company plans to continue selling Money through the end of the month and hasn't made a plan to offer refunds to recent buyers of the product. Rather it was offering to sell Money for $59 and featured a link for financial institutions to get more involved in the product. Microsoft said in March it was largely discontinuing its Encarta encyclopedia and has also scrapped its Windows OneCare antivirus product.Īs of Wednesday, Microsoft had made no mention of its plans on the Web site. The discontinuation of Money is one of the more high-profile product cuts made in the wake of the company's cost-cutting efforts, which began in January. "It's a mix of what's going on in the market, what makes sense for long-term for us and a little bit on consumer behavior," said Sohn, a director in Microsoft's Online Business Services unit. A variety of factors led the company to change course. Microsoft's Adam Sohn said the company now plans to halt sales of the product at the end of the month. The company also said it would stop doing annual updates, but said at the time it planned to continue offering the product. Last year, Microsoft stopped selling Money at retail stores, offering it only by Internet download. Microsoft plans to stop selling Microsoft Money at the end of the month, although for the moment it continues to pitch the product on its Web site.Īfter that point, people can continue to use the product, but they will no longer be able to get automated data feeds from their banks, credit card companies and other financial service providers. Although Microsoft will stop selling the product at the end of June, it plans to support it through January 2011. The software maker has been notifying financial institutions and plans to announce the move to customers over the next 24 hours via a posting on its Web site and a notification in the software. Microsoft plans to stop selling Microsoft Money, its venerable, but not market-leading personal finance program, CNET News has learned.