December 21, 2000, 9:15 AM — AT&T Corp. and the Y2K Financial Networks Readiness Consortium (FNRC) today said they have successfully wrapped up year 2000 readiness testing, according to a statement from AT&T.
Tests revealed no year 2000 abnormalities, and detailed results are available at the AT&T and FNRC Web sites.
FNRC represents AT&T domestic and international business customers that have business with the financial market, AT&T said. Its members include American Express Co., Bank of America, First Data Corp., MasterCard International Inc., Visa International Inc. and Wells Fargo & Co., the voice and data communications provider said.
Consortium members took part in testing several of AT&T's features including frame-relay service and Integrated Services Digital Network, AT&T said. International testing included network frame-relay service interoperability testing with Singapore Telecom, the Basking Ridge, N.J., company said.
During testing, FNRC members were able to successfully validate credit-card transactions, start and receive data transactions and continue customer service center communications, AT&T said. Testing was done in 10 laboratories in Arizona, California, Delaware, Illinois, Nebraska, New Jersey, Ohio, Texas and Singapore.
By the end of this year, AT&T expects to invest $650 million to prepare for the year 2000 conversion, the company said. It has checked more than 3,000 applications and 380 million lines of code. The company is conducting year 2000 interoperability tests with some local phone companies, other long-distance carriers, international telephone companies and certain customer segments, such as government agencies and electric power utilities, AT&T said.