ADP Wilco's outsourcing service meets SWIFT’s new market guidelines

ADP Wilco, a subsidiary of Automatic Data Processing, Inc. (NYSE: ADP), has announced that its Germany-based outsourcing service bureau for SWIFT messaging has been successfully audited and complies with requirements set out in SWIFT’s Service Bureau Security Rules and Guidelines for 2003.

The ADP Wilco SWIFT service bureau provides fast-track access to SWIFT for the full range of SWIFT messaging services including securities, treasury, derivatives, payments and cash management, all in an outsourcing environment. The service is backed by ADP Wilco’s in-depth expertise that spans both SWIFT processing and securities operations, and includes central provision and management of IT infrastructure.

The SWIFT Rules and Guidelines focus on operational and security requirements across four categories: availability, confidentiality, integrity and maintainability. In complying with the SWIFT audit, ADP Wilco’s service bureau meets SWIFT’s requirements for availability for operations and use according to service level agreements; it is duly protected against unauthorised physical and logical access; system processing is complete, accurate, timely and authorised; and it can be updated when required in a manner that continues to provide for security.

"ADP Wilco has proven its credentials as a professional supplier for outsourced SWIFT messaging services. We have a very strong relationship with them and look forward to working closely together in the future," said Robert Schneider, Partner Manager, SWIFT.

"We are very pleased to have been successfully audited and are proud of our relationship with SWIFT. We are fully committed to further extending our outsourcing services for SWIFT messaging," said Volker Wombacher, Head of SWIFT Solutions & Services, ADP Wilco (Deutschland) GmbH.

Earlier this year, ADP Wilco was awarded the label "Provider of SWIFT Accredited Solutions" for Germany for 2003.

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