FAM 98-34 (DCIA of 1996 - Electronic Funds Transfer Policy and Implementation Guidelines)
December 17, 1998
FINANCIAL ADMINISTRATION MEMORANDUM NO. 98-034 (II.J.)
To: Bureau Assistant Directors, Administration
Chief Executive Officer, National Business Center
Bureau Finance Officers
Finance Officer, Financial Management Services
From: William E. Webber
Focus Leader, Asset and Debt Management
Office of Financial Management
Subject: Debt Collection Improvement Act of 1996 - Electronic
Funds Transfer Policy and Implementation Guidelines
The purpose of this Financial Administration Memorandum (FAM) is to
distribute the Department's policy on implementing the electronic funds
transfer (EFT) requirements of the Debt Collection Improvement Act (DCIA)
of 1996 (Attachment 1), to provide supplemental guidance for implementing
the EFT policy (Attachment 2) and to provide a Treasury flyer on the
Payment Advice Internet Delivery (PAID) system (Attachment 3). It is
suggested that each Bureau Finance Office take the lead in establishing
the processes described in Attachment 2 and coordinate with their
respective Procurement and Personnel Offices. Some bureaus already have
some or all of the suggested procedures in place. However, if not, it is
recommended that the procedures outlined be implemented to facilitate
implementation of the EFT requirements and to provide consistency
throughout the Department.
The Departmental EFT Policy and this FAM were coordinated with the
Departmental Offices of Personnel and Acquisition and Property Management.
Employee unions have been provided notice of the impending implementation
of the EFT requirements of the DCIA. Moreover, the interim and final
rules issued by the U.S. Treasury were published in the Federal Register
with ample opportunity for public comment.
Should you require additional information regarding this FAM, please
contact me on (202) 208-5684.
Attachment
cc: Bureau Procurement Chiefs
Interior Federal Assistance Working Group
Prior Financial Administration Memorandums on this subject:
96-040 - Dated 08/27/96 - Active
96-045 - Dated 10/01/96 - Active
98-024 - Dated 09/29/98 - Active
98-028 - Dated 10/26/98 - Active (Inactive 2005-008)
