Swift gets tough on year 2000

14 Apr 1998

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The Society for Worldwide Interbank Financial Telecommunications (Swift) has got tough on its 60,000 members, insisting they have software tests to check whether their systems are year 2000 compliant. Swift, which provides a secure messaging system and interface software for financial organisations in 174 countries, has given its members until July 1999 to report whether they have completed the test and what the outcome is.

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