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Year 2000 Computing: EFT 99 Is Not Expected to Affect Year 2000 Remediation Efforts

AIMD-98-272R Published: Aug 28, 1998. Publicly Released: Aug 28, 1998.
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Highlights

Pursuant to a congressional request, GAO reviewed whether the Electronic Funds Transfer 99 (EFT 99) program is interfering with the capacity of the Financial Management Service (FMS) and financial institutions to complete year 2000 remediation efforts.

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Bank depositsCheck disbursement or controlElectronic funds transferFinancial institutionsPayroll systemsSystems conversionsY2KAccountsElectronic paymentsRemediation