Federal government intensifies its vendor conversion efforts to EFT 99

The federal government through the Dept of the Treasury's Financial Management Service (FMS) has increased its efforts to ensure that government vendors comply with electronic funds transfer (EFT) requirements of the Debt Collection Improvement Act of 1996. The provisions, called EFT 99, require that all government payments, except tax refunds, be coursed through EFT instead of checks by Jan 1, 1999. The FMS is providing Vendor Payment Workshops to educate the companies doing business with the government.
Provisions of the Debt Collection Improvement Act of 1996, referred to as EFT 99, require that the majority of federal government payments, except tax refunds, be made by electronic funds [...]