NEW YORK - Financial institutions around the world made a "virtual" trip into the future this weekend, as they turned their computer clocks forward to the year 2000 ...
Banks Defeat Year 2000 Bug in Simulation (Paul Carrel, The Age) theage.com.au World's Banks Put Their Systems Through Y2K Bug Test (Canadian Broadcasting Corporation) cbcnews.cbc.ca
On June 9, the Review reported on a test that was scheduled to take place last weekend of the Clearing House Interbank Payments system (Chips). Interestingly, the only coverage I could find on the results of this test were in the foreign press.
[I noticed the same thing. No U.S. media wrote up the results. Very puzzling. Wonder why??]
According to the CBC piece, "It will take a few days yet to collect all the relevant data. But organizers say just about everything worked as it should." The Age piece adds that according to George Thomas, senior vice-president and director of information clearing systems at the New York Clearing House, "We've had reports from the European Bankers Association, Australia, CHAPS in Great Britain, TARGET (the European Central Bank's payment system), France, Germany, Hong Kong, Italy, Japan, Korea and Poland - and they are all excellent... I think this will go a long way to show the world that the world payment system is intact and ready to go for 2000."
The above came from June 14 Sangers Review sangersreview.com
June 9 Sangers article: sangersreview.com
Cheryl |