Note: The necessary changes have been made to the Provider Enrollment, Chain and Ownership System (PECOS). Therefore, CMS has changed the time frame for which Medicare contractors can accept the previous version of the Electronic Funds Transfer (EFT) Authorization Agreement from July 31, 2011, to June 30, 2011. This notice has been updated to indicate this change.
CMS has received approval from the Office of Management and Budget to reissue the Electronic Funds Transfer Authorization Agreement (CMS-588). The revised EFT authorization agreement is available on the CMS Forms Web site .
Providers and suppliers are reminded that they should begin using the revised EFT form immediately. Medicare contractors will continue to accept the previous versions of the EFT authorization agreement until June 30, 2011.
