With its new Google Gears functionality, Buxfer might finally be the answer for people who want the bells and whistles of an online personal finance website (hello Mint!)—charts, pretty colors, and general infoporn goodness—without having to blindly trust an unknown company with sensitive data such as bank account or credit card numbers (goodbye Mint!). The service uses Google Gears to store account login information and credentials on your own computer, then syncs the data collected with the Buxfer servers, writes VentureBeat.
Buxfer has been around for a while—both Consumerist and Lifehacker wrote about it nearly a year ago—but the Google Gears functionality is a new component added just last month, and at least at first glance it seems like a good answer to the “sensitive data” issue.
Like Mint and the others, Buxfer has introduced a way to let you easily synchronize your financial accounts from Bank of America, American Express, Citibank credit cards, Chase credit cards, and more than 300 others with your personal finance information on its site. It uses Google Gears to download your financial account information — your username and password — to an offline Buxfer component that lives on your computer, that syncs with your online Buxfer account. It’s the company’s policy to never store this sensitive user information on its servers.
Wesabe, like Buxfer, offers a set of financial information upload tools, so you can store your data on your own computer, then sync it with that site — we’ve found Buxfer’s implementation of this offline component to be easier to use.
Now if only Buxfer could come up with a more appealing name.