ADP Employer Services Announces Industry's First Test of Y2K Software for Financial Institutions to "Keep America Paid".ROSELAND, N.J.--(BUSINESS WIRE)--Jan. 11, 1999-- Industry leader hosts program to test payroll processing from timeclock entry to direct deposit posting in Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 environment Automatic Data Processing Same as data processing. , Inc. (ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. (R)) today announced the Keep America Paid (SM) program to help its thousands of financial institution clients verify their payroll Year 2000 (Y2K) readiness. Financial institutions are directed by the Federal Financial Institutions Examination Council The Federal Financial Institutions Examination Council, or FFIEC, is a formal interagency body of the United States government empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of (FFIEC FFIEC Federal Financial Institutions Examination Council ) to demonstrate their Y2K readiness in this critical area by the spring of 1999. ADP, the world's largest provider of payroll and related services, created the formal program - Keep America Paid - to support its clients' response to this directive. This program is the industry's first end-to-end payroll processing test of Y2K software. As part of the Keep America Paid program, ADP will host the testing and participate as the originating payroll provider. Keep America Paid will allow participating financial institution clients to validate all ADP Employer Services payroll applications at several critical dates throughout the year 2000. The goal is to achieve successful data transmission between ADP and the participating financial institution for payroll processing, direct deposit and check reconciliation. ADP completed compliance testing of its payroll applications in 1998. "ADP welcomes the opportunity to host the Keep America Paid program and share our Y2K expertise with financial institution clients," said Gary Butler, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of ADP. "And by sharing the knowledge gained through Keep America Paid, American workers in any industry can be confident that their paychecks and direct deposits will be honored in January 2000, as well." The FFIEC, which oversees approximately 20,000 financial institutions, has requested its members to demonstrate their Y2K readiness with third-party and service providers. ADP was the first to approach the FFIEC and offer to develop a test program for representative clients in each of the five regulatory agencies that constitute the FFIEC. ADP will post test scripts and results of the Keep America Paid program on its Web site (http://www.adp.com) for its financial institution clients that are not participating directly. In addition, the company plans to host video teleconferences in the spring for clients to further share its knowledge and ensure that clients are prepared for the Y2K. ADP will provide participating financial institutions with the necessary tools to host the test (scripts for each critical test date, test analysis verification forms and ADP Y2K compliant Capable of correctly processing any data that deals with a date beyond the year 1999. See Y2K problem. application software), and a test database of fictitious employees representing every state and U.S. territory for tax reporting purposes. ADP has enjoyed a significant head start in Y2K planning, beginning with a Corporate mandate in 1995 to commit resources to address the Y2K challenge. The company's Employer Services division has successfully tested its desktop, mainframe and support applications at various critical impact dates before, during and after the century cross over. ADP continues to run a separate testing environment, which processes millions of payroll transactions as if it were the new millennium. This additional testing strategy helps to ensure that ADP's products and services remain compliant as new features and services are introduced. ADP's flagship AutoPay(R) payroll engine was the first payroll service provider to be awarded Y2K certification by the Information Technology Association of America See ITAA. (ITAA (Information Technology Association of America, Arlington, VA, www.itaa.org) Formerly the Association of Data Processing Service Organizations (ADAPSO). A membership organization founded in 1960 that defines performance standards, improves management methods and monitors government ) in July of 1997. ABOUT ADP ADP (NYSE NYSE See: New York Stock Exchange : AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), is one of the largest independent computing services firms in the world with more than $4.5 billion in annual revenues and more than 425,000 clients. ADP provides computerized transaction processing, data communications, software, and information services See Information Systems. to companies in virtually every industry. ADP Employer Services is the world's largest provider of payroll services and human resource administration systems. It offers a comprehensive range of benefits, payroll and business tax deposit and reporting, time and attendance, 401(k) recordkeeping, and unemployment compensation and management services. In addition, ADP provides securities transaction processing and investor communications services to the brokerage and financial communities; industry-specific computing and consulting services to auto and truck dealers; and computerized, automated auto-repair estimating and auto parts availability services to the auto-repair industry. For more information about ADP, or to contact a local ADP sales office, reach us at 1-800-225-5237 or visit our Web site at www.adp.com |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion