ADP Signs People’s Securities for its Broker Productivity Solution

New York, NY - September 9, 2002 – ADP Brokerage Services Group (ADP), a division of Automatic Data Processing, Inc. (NYSE: ADP), announced today that People's Securities Inc., a subsidiary of People's Bank, based in Bridgeport, CT signed a contract to use ProVisorTM, ADP’s browser-based desktop productivity tool.

ProVisor is a multi-functional browser-based application that offers access to critical portfolio information, including real-time tax lot updates, and contact management capabilities, coupled with automated online order entry and real-time market data. ProVisor offers financial professionals and other sales personnel a comprehensive desktop that will increase overall productivity in the front office, and through its integration with the ADP BPS securities processing engine, streamline the firm's back office operations.

People's Securities is a client of ADP's Brokerage Processing Services (BPS back office transaction processing solution for its equity and mutual fund trade processing. BPS is a flexible, real-time, multi-currency transaction processing system for equities, options, fixed-income securities and mutual funds, complete with automated inquiry, reporting and record-keeping services. It is available on an outsourcing basis.

Michael Harkins, first vice president, People's Securities commented, "We believe ProVisor will maximize our sales representative's productivity and effectiveness since it is accessible from any terminal within People's/People's Securities. It provides access to critical account-level information coupled with automated online order entry and real-time market data in one easy-to-use browser-based interface, allowing our sales people to better serve our customers."

People's Securities uses ADP Investor Communication Services' (ADP ICS PostEdgeSM for delivery of statements and confirms. These can be delivered electronically or traditionally through the mail depending on the investor's preference. People's also has signed an agreement for ADP ICS to redesign its client statements.

Marianne Brown, senior vice president and general manager, ADP Brokerage Processing Services said, "We are delighted that People's Securities has chosen ProVisor as its broker productivity solution. We are very proud to continue our long-term partnership with them and will continue to offer solutions to help them grow and retain assets."

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