This report is part of the Electronic Funds Prenote Process (EFPN) program. This process is used to notify the bank of the intention to begin using electronic funds transfers. The report shows the vendors selected for the pre-note process. The report reads through the EFTT table for new entries (status = N) and creates a file to be written to tape and then sent to the bank.
The EFT status on EFTT and VEND is changed to P and the Last Status Change date on EFTT is set to the current date. Once the bank tape is created, the bank has a pre-determined number of days to inform the user that his or her information is incorrect. This pre-determined number of days is found on SOPT as the number of prenote days. If the bank does not respond within the appropriate time frame, the EFPN process will approve the vendor for EFT (the EFT status on EFTT and VEND will be changed to A). The report does not show vendors that were approved for EFT (EFT status changed from P to A).
The following form names should be used in Document Direct to locate this report: