Although it is gaining speed, we had hoped EFT use would grow even faster than it has. Postage, envelope, check. SOM only tries to pay via EFT once. You must still run your paper process after you implement an electronic process. How EFT Is Working Out.
EFT works with almost no technical problems or user complaints.
State EDI pilots are planned for Q1 '97. Vendors are kept on the paper check payroll until the prenote clears. Variation by State agency or program does exist. For example, the Department of Human Services currently sends a paper RA to medical providers and pharmacists who have elected to be paid electronically. As with most of the EC technologies, the higher the percentage of your business that is done using a given technology, the more likely you are to save significant money and time using that technology.