efts @ mla 2011
DESCRIPTION
EFTS @ MLA 2011. Minneapolis, 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. Major milestone for EFTS. Converting from ‘chaos’… . … to .net. - PowerPoint PPT PresentationTRANSCRIPT
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 [email protected] Steve Bazinet, Application Developer [email protected] Jola Sliwinski, Program Coordinator
[email protected] Lucy Piechowski, Program Assistant
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