TROY, N.Y., Jan. 18 /PRNewswire/ -- IFS International, Inc.
(Nasdaq: IFSH) today announced that TPII and TP-CMS continued to function
without problems as the Year 2000 commenced at customer sites around the
world.
Over two years of meticulous planning by IFS ensured that all their
customers were able to enter the new year without having any disruption to
their business operations caused by TPII and TP-CMS software. Although IFS
was confident that their products were Y2K ready, in addition to the usual
24X7 hotline support, around the clock cover was provided by special Y2K
Support Teams at IFS Headquarters in Troy, New York. These Y2K Support Teams
were in place during the days leading up to December 31, 1999, but as the new
millennium dawned, first in Asia and then following the sun around the globe,
it soon became apparent that IFS customers were not experiencing problems.
Y2K Support Teams were able to be scaled down but remained on call for the
entire cutover weekend.
Glenda Cole, Director of Product Services, IFS International, commented,
"IFS encountered a very quiet and peaceful transition into the new millennium.
We kept in close contact with all our customers over the course of several
days, monitoring their transition into Y2K and then during the following
business week, ready to respond to any problems. As it turned out, we planned
for worst-case scenarios but were quite happy when the opposite occurred.
Banks and other financial institutions have now returned to normal operations
following the festivities, and we are pleased to report that our customers'
systems are continuing to work as normal."
Simon Theobald, Chief Operating Officer, IFS International, added, "IFS
International provides our customers with mission-critical, customer-facing
software solutions, and we were right to make the investments of the past
2 years and establish the special support teams for the millennium cutover. We
had every confidence that the systems installed for our customers would pass
through the night of December 31, 1999, without any problems and indeed, it
turned out to be a very peaceful night. In fact the only excitement proved to
be a new customer for the TPII and TP-CMS products in Africa who licensed both
products just 5 hours before their new year celebrations."
IFS International, Inc. and Network Controls International, Inc. are
subsidiaries of IFS International Holdings, Inc., which has headquarters in
the USA and subsidiary offices in the USA, UK, Singapore, Australia and
Germany.
IFS International, Inc. develops, markets and supports software products
for the EFT market. IFS International's TPII and TP-CMS products provide
support for ATMs, POS devices, network switches, smart cards and card
management. NCI, Inc. provides complementary products for bank teller
platform, home banking, money brokers and call centers, including NCI Business
Centre(TM), an enterprise-wide retail bank branch solution designed to
deliver traditional as well as Internet/Intranet-based transactions.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
AT IFS INTERNATIONAL
Americas: +1-518-283-7900
Europe, Middle East and Africa: +44-1895-823626
Asia/Pacific and Australasia: +65-549-7414
email: marketing@ifsintl.com
Company website: http://www.ifsintl.com
IFS INVESTOR/BROKER RELATIONS:
Gary Chapdelaine
Continental Capital & Equity Corporation
+1-407-682-2001
SOURCE IFS International, Inc.
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Related links:
http://www.ifsintl.com
CONTACT:
Gary Chapdelaine of Continental Capital &
Equity Corporation, 407-682-2001, for IFS International, Inc.
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