|
PureBytes Links
Trading Reference Links
|
Hate to pop you bubble but what you see on the front of the card, except
for the account number so you can read it over the phone, doesn't mean
squat. If you got the card with a date past 12/99, their system is
compliant. Almost all credit card companies and banks set the end of this
year to be compliant. I been chasing date code for the past two years and
I am running out of work. But then we need somebody to yell wolf
-----Original Message-----
From: JW [SMTP:abprosys@xxxxxxx]
Sent: Tuesday, October 20, 1998 9:27 PM
To: RealTraders Discussion Group
Subject: RE: Y2K impact?
>>All credit card processors are now Y2K compliant<<
Don't know about that <g>. Just got a new VISA card from First USA. The
expiration date on the card is 07/01. Also have an AT&T MC card. That
date
is 09/01. 2 digit year dates are NOT Y2K compliant. I bet that the MC &
Visa clearing centers are going to use a short-term windowing procedure
since they probably can't get all the field systems switched in time. So
dates less than some number (like 50) will be assumed to have a 20 in front
of them, 51-99 will assume a 19.
JW
abprosys@xxxxxxx <mailto:abprosys@xxxxxxx>
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxx]On Behalf Of RAY RAFFURTY
Sent: Tuesday, October 20, 1998 10:56 AM
To: RealTraders Discussion Group
Subject: Re: Y2K impact?
FWIW I agree with your comments. This may be one of the best "buy
the rumor, sell the news" opportunities of all time.
I subscribe to TBSP for end of day data. A few months ago they
announced that they would be shutting the server down for 48 hours to
convert their data base and programs to Y2K compliant. One hour later they
where back up and sent a message that they where astonished at how easy it
was.
All credit card processors are now Y2K compliant, and I suspect
most
banks are too, as are all newer computers. Imbedded chips, including those
in cars, do not generally require a date function, any one that does must
have a battery back-up (such as the one in your computer). So if a device
does not have a battery back-up it is safe. The good news is the IRS may
crash {;-)
No doubt there will some disruptions someplace, but who cares if
both phones in Ethiopia go down?
As far as investing goes, I would be looking to short Y2K
companies.
Good luck and good trading,
Ray Raffurty
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, October 20, 1998 2:36 AM
Subject: Re: Y2K impact?
>Although this looks impressive and I am taking some prudent precautions
>myself, this reminds me of the oil fires in Kuwait after the gulf war.
Some
>experts said that the fires would burn for years causing tremendous damage
>to the ecology of the whole planet. It was solved in less than a year as I
>recall. Seems that some always underestimate man kinds resolve to get a
job
>done. I don't want to get into a re-hash of this long a controversial
>subject but I do think that there will be some problems.
>
>Brent
>
>----------
>> From: Mark Jurik <mgj@xxxxxxxxxxxx>
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Subject: Y2K impact?
>> Date: Monday, October 19, 1998 11:17 PM
>>
>> What effect will Y2K have on the markets?
>>
>> Here's a collection of report summaries posted elsewhere.....
>>
>> - Mark Jurik
>> ------------------------------------------------------------------------
>
>> ----------------
>> The Social Security Administration has 30,000,000 lines of code to fix.
>> Four hundred programmers have been working on the problem since 1991,
and
>
>> had only fixed six million lines after five years of effort. The
>Washington
>> Post
>
|