Carriers Pass Y2K Financial Networks Lab Test.

The Alliance for Telecommunications Industry Solutions (ATIS) has announced that a simulated financial services network withstood the millennium bug, demonstrating that Y2K problems can theoretically be avoided in similar live networks. ATIS is a group of North American telecom carriers and software and equipment suppliers that studies interoperability issues for member companies and the FCC. It conducted the test with members of a group called the Y2K Financial Networks Readiness Consortium (FNRC), under the supervision of Telcordia Technologies. Reportedly, no Y2K errors occurred in the lab-based frame relay network when a series of financial transactions, credit checks, and file transfers were conducted. The testbed was set up by an ATIS committee called the IITC (Internetwork Interoperability Test Coordination), using resources from Bell Atlantic, MCI Worldcom, and SBC Communications.