Direct-entry date format still in six digits

Direct-entry date format still in six digits

The message specifications used in systems dealing with direct-entry credit and debit payments will not be changed in view of the Y2K problem, the Australian Payments Clearings Association Limited (APCA) announced last week.

As the organisation responsible for the direct credit/debit systems message specifications, APCA's Management Committee of the Bulk Electronic Clearing System decided that the six-digit date field in the 120-byte record format for all direct-entry messages is to remain unchanged. Instead, the financial institutions processing a direct-entry file are to individually ascertain and put in place the necessary changes to interpret the two-digit year field as belonging to the correct century (for example, to interpret "00" - appearing in the last two digits of the date field - as being the year 2000).

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