Kickstart the New EFTS Platform: Update
As you may have learned, MLA has developed the specifications of a new Electronic Funds Transfer System (EFTS) platform. MLA will proceed with actual development and implementation if a minimum of 750 users sign up for the new platform by January 10, 2020.
As of today, we have surpassed the 60% mark of library requests to receive a user agreement, once we have finalized it. Thank you!
EFTS is an online billing system for interlibrary loan (ILL) transactions that collects an ILL charge from a borrowing library, on behalf of the lending library, and pays it to the lender, less a transaction fee.
EFTS is currently operated by the University of Connecticut Health Center (UCHC) and has been since 1996, when UCHC and NLM collaborated to create it. On May 22, 2019, UCHC informed EFTS users that UCHC would regretfully cease EFTS operations on December 31, 2019, a date later extended to December 31, 2020. This announcement has understandably created major concerns for the many libraries that depend on the EFTS service. Since this announcement, MLA, UCHC, and NLM have collaborated on an MLA solution to launch a new and enhanced EFTS platform. UCHC has agreed to extend the current EFTS operations until MLA’s EFTS platform is operational to ensure a continuity of service.
For information on the new EFTS features, enhancements, and fees, and to request a user agreement, please consult the EFTS information page.
To request a user agreement, go to MLANET.
Here are answers to questions we have received after last week’s communication:
We are delighted to have the opportunity to ensure the sustainability of EFTS, a platform many of you depend on for your interlibrary loans.
For more information, please contact Kevin Baliozian, MLA executive director.
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