Earth Changes TV - Y2K Repair Leaves ATMs On Blink

Y2K Repair Leaves ATMs On Blink...07/29/99

Newshouse News Service — A software glitch rattled up to 5 percent of the nation’s automated teller machines for more than two weeks earlier this month. The glitch resulted in failed machines, slow transactions and incorrect bank balances for tens of thousands of ATM transactions.

The mistakes occured after a little-known Texas company in late June finished installing a new computer system designed to process ATM transactions properly in the year 2000. “We don’t take it lightly,” said T.G. “Tim” Connor, president of the financial industry group of Affiliated Computer Services Inc. That $1 billion-a-year Dallas company processes 20 million ATM transactions nationwide each month.

The problem follows repeated assurances from the federal government that ATM terminals are expected to work normally after the year 2000 calendar rollover. Affiliated Computer Services employees are still working to repair faulty accounting that occurred sporadically between late June and mid-July. The amount of incorrectly credited money has not been determined.
“We aren’t dealing with hundreds of thousands of dollars,” Connor said.

Mitch Battros
Producer - Earth Changes TV
http://www.earthchangesTV.com