EFTS @ MLA 2011Minneapolis, MN

We’ve Come a Long Way

Every good idea begins with a vision…

April 2004: 930 members

Welcome to web-based DOCLINE and EFTS

Currency conversion functionality developed

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

Major milestone for EFTS

Converting from ‘chaos’…

… to .net

Redesigning the front end

o New look

o Fresh feel

o Updated logo

o Change color scheme

Marketing

o Brainstorming Sessionso Webinars, *with CE contact hourso Advisory Committee Callso “Group” in OCLCo Illiad Conference o Expanding to Pacific Islandso Canadian liaison

To infinity & beyond Docline

o Developing a multi-purpose form for use other than interlibrary loan transactions

o Using EFTS for any fees based member-to-member charges: lost book charges, overdue fees, subscriptions, dues

o Program piloted in Region 8 using EFTS to handle articles requested by DPH

New – Withdrawal on Demand

Improved – Transaction Processing

Simply stated options

Better Reports!

o Output to Excel & PDF

o Now with pagination

o Find & find next feature

April 2011: 1385 & counting!

Director, Evelyn B. Morgen…

…and the EFTS staffo Jackie Lewis, Program Manager jlewis@nso.uchc.eduo Steve Bazinet, Application Developer sbazinet@uchc.eduo Jola Sliwinski, Program Coordinator

sliwinski@nso.uchc.eduo Lucy Piechowski, Program Assistant

piechowski@uchc.edu

Comments

Ideas

Suggestions

efts@uchc.edu or toll free: 866-561-5045

We thank NLM for its support over the years and for allowing us to develop and refine this time and money saving tool!

Seattle - 2012