Electronic Fund Transfer System - EFTS MLA 2007 Philadelphia, PA.
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Transcript of Electronic Fund Transfer System - EFTS MLA 2007 Philadelphia, PA.
Electronic Fund Transfer System - EFTS
MLA 2007 Philadelphia, PA
Staff
Evelyn Morgen, Program Director Jackie Lewis, Program Manager Jola Sliwinski, Program Coordinator Lucy Piechowski, Program Assistant Steve Bazinet, Applications Developer
Membership
Transactions
2006-2007 Accomplishments
Fully functioning TEST website CURRENCY CONVERSION DOCLINE/EFTS File Builder Advisory Committee Meetings Changes to website, text, functions
Currency Conversion
NSCNVA loans a document to ONCMMU
for CDN$11.00.
NSCNVA submits the transaction by uploading a transaction file or using the online transaction system.
Library
EFTS processes the transaction at the time it is uploaded and detects an
intra-Canadian transactionfor CDN$11.00.
EFTS requests the current CDN$/US$ conversion rate (0.876543) from an on-line service at the time of the
upload.
The transaction is stored as the equivalent US$ ($9.64)
along with the conversion rate.
Reports for Canadian libraries show intra-Canadian transactions in US$ with the
CDN$ equivalent and conversion rate. All other transactions are shown in
US$ only.
EFTS
Data is sent to EFTS
Intra-Canadian Transactions
Conversions will only be applied to transactions between Canadian libraries. The libraries will exchange documents priced in CDN$. The current exchange rate is applied at the time the file is uploaded to EFTS and carried forward as US$.
Deposits, redistributions and all other transactions will remain solely in US$.
Currency conversion will be inferred from the identity of the loaning and borrowing countries:
Both libraries are in the USA: The transaction is assumed to be in US$.Both libraries are in Canada: The transaction is assumed to be in CDN$.The loaning library is in the USA and the borrower in Canada: The transaction is
assumed to be in US$.The loaning library is in Canada and the borrower in the USA. Because Canadian
libraries typically charge US libraries in US$, the transaction is assumed to be in US$.
Interbank Exchange Rates
The prices quoted by EFTS are based on interbank market rates. Retail rates, which are used by credit cards or cash exchanges in banks or other exchange services, usually include 1 to 10 percent margins on the top of the interbank rates. By using the interbank rates in our calculations, EFTS provides you with the best possible exchange rate with no premiums!
The EFTS Exchange Process Between Canadian & US Libraries
Canadian Transactions
Exchange rate data are pulled hourly.
DOCLINE File Builder
WEBSITE
Promotional Items
OTF Table Instructions
OTF TableSome
columns contain bogus
data.
Report Summary
Functional Changes
Currency Conversion
Inactive to Active Status Change
Email Scheduler
Web Server Memory
For the future…
Move system to new platform Killing bugs! Batch delete in OTF Provide detailed info on
iitransactions processed overnight Clarify MOA wording Add “Release Notes” to website
Online Transaction File
Some columns
contain bogus data.
Member Messages
Marketing EFTS
Work with RML Outreach coordinators Promote the use of EFTS for “other” ii
transactions Develop new marketing tools Offer incentives for joining Develop educational modules Develop a new look, logo, tagline
Reminder…
Log on! Review your OTF-Error table LIBID on all correspondence AC representatives in every region
Discussion
How can we increase participation? What features would you like to see? How can we serve you better?
Contact us:
https://efts.uchc.edu
1-866-561-5045
See you next year!
MLA 2008***CHICAGO Keep your comments, suggestions
iicoming! We love to hear from you! 1-866-561-5045 [email protected] https://efts.uchc.edu THANK YOU!