Much About EFTS, NLM’s Preferred Billing Program
https://efts.uchc.edu/efts/EftsPublic/about.aspx
The Electronic Fund Transfer System (EFTS) is a transaction-based electronic billing system for interlibrary-loan (ILL) and document delivery. The National Library of Medicine (NLM) is committed to working with the University of Connecticut Health Center (UCHC) EFTS staff to expand the system on a national basis to National Network of Libraries of Medicine (NN/LM) member libraries.
One hundred nineteen health sciences libraries in the Southeastern Atlantic region use EFTS for processing payment of inter-library loan transactions. With 1,246 members across the nation, EFTS effectively centralizes this activity by electronically billing participants. It also reduces the need for participating libraries to create invoices and to write checks for reimbursement of interlibrary loans and document delivery.
Other advantages of participation include monthly detailed transaction reports, the ability to handle charges for rush or fax service, the ability to vary charges to members of special groups, and the ability to handle non-DOCLINE transactions.
Benefits of EFTS
- Reduces Costs
- Improves Cash Flow
- Reduces Human Error
- Increases Efficiency
- Provides Management Reports
For “What participants are saying about EFTS” go to: https://efts.uchc.edu/efts/EftsPublic/WhatLibSay.aspx
For “How to Join EFTS” go to: https://efts.uchc.edu/efts/Common/JoinEfts.aspx
