Daylight Savings 2007 - An Issue for Banks?

This year Daylight Savings Time begins March 11 and ends November 4. 

Starting in 2007, Daylight Savings Time begins three weeks earlier than in previous years.  The change is a result of the Energy Policy Act of 2005. 

A Feb. 12, 2007, Austin American-Statesman article by Clint Swett recommends that banks take a look at their systems.  For those banks without the most current software, ATM withdrawals or credit card payments might be recorded at the wrong time. Internet-based phone systems could log voice mails at the incorrect time.

It's definitely NOT a problem of the magnitude feared (without basis, as it turned out) by doomsayers before Y2K.  The most that might happen for the rest of us is that we would have to manually reset the clocks on our computers -- or, as I sometimes do with the clock in my car, simply make the adjustment mentally.  I freely admit that anything with more moving parts than a nail file is way too complicated.

(ag) Feb. 12, 2007