MEMORANDUM NO. 98-7
March 23, 1998
TO THE HEADS OF ALL STATE AGENCIES
|ATTENTION:||Chief Administrative and Fiscal Officers, and Business Managers|
|SUBJECT:||Electronic Fund Transfer (EFT) Vendor Pilot Program|
The Comptroller's Accounts Payable Division has developed a pilot program to pay vendors electronically. All payments to two towns, Rocky Hill and Vernon will be made electronically beginning on April 13, 1998. Several other vendors and non-profit organizations will be added shortly thereafter. Notification will be provided prior to implementing these vendors.
This EFT vendor pilot program is not to be confused with existing EFT payments (i.e. Tax Exempt Bond Fund Proceeds 80,000 batch series, Comptroller approved EFT "no check required" payments to fund agency checking accounts and payments to federal agencies).
Procedures necessary to process the EFT vendor payments to the towns of Rocky Hill and Vernon for both paperless processing and paper processing agencies are as follows:
Effective Monday April 6, 1998:
Questions may be directed to the Office of the State Comptroller, Accounts Payable Division as follows:
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