Broadridge Investor Relations
2006 News Releases
ADP Wilco Launches SWIFT Service Bureau in the UK
Press enquiries to:
Mike West
ADP Brokerage Services Group, London
+44 (0)20 7551 3224
mike_west@adp.com
LONDON, England -- April 25, 2006 -- Automatic Data Processing, Inc. (NYSE: ADP) subsidiary ADP Wilco has announced the launch of its SWIFT Service Bureau for banks, brokers, fund managers and any corporate participants in MA- CUGs [Member-Administered Closed User Groups] in the UK. The service provides fast-track access to the SWIFT network for the full range of SWIFT messages including securities, treasury, derivatives, payments and cash management, all in a secure data center environment.
The service can handle the SWIFT messaging requirements of both buy- and sell-side financial institutions, corporate users and MA-CUGs. It is backed by ADP's 24-hour support services and track-record in outsourced IT service provision.
"The SWIFT Service Bureau enables our customers to benefit from quick access to the SWIFT network, inexpensive processing costs and a professional, well managed approach to market changes such as SWIFTNet Phase 2. This is the latest example of our commitment to invest and extend this service for use in other regions," said Tom Carey, Chief Operating Officer, ADP Wilco.
Users of the SWIFT Service Bureau can also benefit from ADP Wilco's SWIFT Transaction Manager, an advanced web-based workflow feature that enables users to manage and control the processing cycle of their messages. They can also use this feature to create, release and re-route messages in a dynamic yet controlled environment. Users without knowledge of SWIFT formats can input messages in any format which can then be transformed automatically into the appropriate SWIFT format.
ADP Wilco already has a well-established industry-leading SWIFT bureau service in Germany where it has experienced considerable growth over the past two years, and more recently in Switzerland where the service was launched in 2005.
The SWIFT Service Bureau further extends ADP's broad range of international services which include institutional and retail securities transaction processing and electronic shareholder communication services.
About ADP Brokerage Services Group
As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing solutions for straight through processing and World Class Service.
ADP, with over $8.0 billion in revenues and more than 600,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. For more information about ADP Brokerage Services Group, please visit our web site at www.bsg.adp.com and for other ADP services and investor information, please visit www.adp.com.
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