ADP Wilco launches SWIFT Service Bureau in the UK

Automatic Data Processing, Inc. (NYSE: ADP) subsidiary ADP Wilco has announced the launch of its SWIFT Service Bureau for banks, brokers, fund managers and any corporate participants in MA-CUGs [Member-Administered Closed User Groups] in the UK. The service provides fast-track access to the SWIFT network for the full range of SWIFT messages including securities, treasury, derivatives, payments and cash management, all in a secure data centre environment.

The service can handle the SWIFT messaging requirements of both buy- and sell-side financial institutions, corporate users and MA-CUGs. It is backed by ADP’s 24-hour support services and track-record in outsourced IT service provision.

“The SWIFT Service Bureau enables our customers to benefit from quick access to the SWIFT network, inexpensive processing costs and a professional, well managed approach to market changes such as SWIFTNet Phase 2. This is the latest example of our commitment to invest and extend this service for use in other regions,” said Tom Carey, Chief Operating Officer, ADP Wilco.

Users of the SWIFT Service Bureau can also benefit from ADP Wilco’s SWIFT Transaction Manager, an advanced web-based workflow feature that enables users to manage and control the processing cycle of their messages. They can also use this feature to create, release and re-route messages in a dynamic yet controlled environment. Users without knowledge of SWIFT formats can input messages in any format which can then be transformed automatically into the appropriate SWIFT format.

ADP Wilco already has a well-established industry-leading SWIFT bureau service in Germany where it has experienced considerable growth over the past two years, and more recently in Switzerland where the service was launched in 2005.

The SWIFT Service Bureau further extends ADP’s broad range of international services which include institutional and retail securities transaction processing and electronic shareholder communication services.

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