Business Services
Financial Management Division (FMD) - Accounting and Payments Team - Electronic Funds Transfer |
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The Debt Collection Act requires that the government implement to the greatest extent possible, Electronic Funds Transfer (EFT) for all federal payments, in lieu of the paper check method. To this end, offices initiating business with entities that we will be making payments to must notify them of the provisions of the EFT requirements and provide them with information to enroll in EFT. These include recurring payments for contracts, cooperative agreements, leases, and VS fee basis/blood sampling contracts.
NFC and Treasury have provided detailed information on their Internet web sites as well as the ability to print the forms and instructions that can be provided to potential payees. Please see:
http://www.nfc.usda.gov/dcia/index.htm
http://www.fms.treas.gov/eft/index.html
Last Modified: December 13, 2007
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