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Computing

From...

Banks offer consumers a Y2K checklist

October 26, 1998
Web posted at: 11:15 PM EDT

by Kathleen Ohlson

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(IDG) -- The Bank Administration Institute and 40 U.S. banks have released a list that aims to reassure consumers and provide a reality check about their banks and finances in the face of the year 2000 bug.

The list emphasizes that consumers take a practical approach to their financial routines; realize that banks are advised by federal regulators; and that financial institutions must have their hardware and software systems year-2000-compliant by year's end.

The effort is the latest in a flurry of announcements made this week that address millennium bug concerns. For instance, the U.S. government has earmarked $3.4 billion in emergency spending to fix year 2000 problems in government computer systems, as well as making an overall push for year 2000 awareness.

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