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The percentage of vendor payments processed via Electronic Funds Transfer (EFT)
Dictionary: The Department of Treasury has mandated that at least 96% of payments must be processed via Electronic Funds Transfer (see press release below). Treasury has documented in 2010 that further increased use of EFT payments could save the Government 400 million dollars and 12 million pounds of paper in the next 5 years. In addition, EFT payments are much more secure than paper checks.
http://www.treas.gov/press/releases/tg644.htm.
Fiscal Year - 2010
| Time | Target | Percent |
|---|---|---|
| Oct 2009 | 96 | 98 |
| Nov 2009 | 96 | 96 |
| Dec 2009 | 96 | 98 |
| Jan 2010 | 96 | 97 |
| Feb 2010 | 96 | 97 |
| Mar 2010 | 96 | 98 |
| Apr 2010 | 96 | 98 |
| May 2010 | 96 | 98 |
| Jun 2010 | 96 | 98 |
| Jul 2010 | 96 | 97 |
| Aug 2010 | 96 | 98 |
| Sep 2010 | 96 | 98 |
FY 2010 Overall: 98%
Number of vendor payments processed via Electronic Funds Transfer in the month
Fiscal Year - 2010
| Time | Target | Number |
|---|---|---|
| Oct 2009 | N/A | 5,820 |
| Nov 2009 | N/A | 5,782 |
| Dec 2009 | N/A | 7,367 |
| Jan 2010 | N/A | 5,115 |
| Feb 2010 | N/A | 5,814 |
| Mar 2010 | N/A | 7,920 |
| Apr 2010 | N/A | 7,636 |
| May 2010 | N/A | 7,816 |
| Jun 2010 | N/A | 8,110 |
| Jul 2010 | N/A | 5,741 |
| Aug 2010 | N/A | 9,460 |
| Sep 2010 | N/A | 10,504 |
FY 2010 Total: 87,085
Number of vendor payments made in the month
Fiscal Year - 2010
| Time | Target | Number |
|---|---|---|
| Oct 2009 | N/A | 5,921 |
| Nov 2009 | N/A | 6,003 |
| Dec 2009 | N/A | 7,505 |
| Jan 2010 | N/A | 5,291 |
| Feb 2010 | N/A | 6,014 |
| Mar 2010 | N/A | 8,117 |
| Apr 2010 | N/A | 7,822 |
| May 2010 | N/A | 7,980 |
| Jun 2010 | N/A | 8,277 |
| Jul 2010 | N/A | 5,932 |
| Aug 2010 | N/A | 9,689 |
| Sep 2010 | N/A | 10,721 |
FY 2010 Total: 89,272
Glossary
Note: The data provided on this website is produced on an ongoing basis for performance management purposes and is subject to change due to updates of preliminary estimates, corrections, or other reasons. In addition, FDA may change the type or amount of data provided on this website at any time. Information marked as "Completed" may include measures and/or key projects for which activities are ongoing but no longer tracked as part of FDA-TRACK.
