Direct Deposit of Medicare Payments  Direct deposit, known as "Electronic Funds Transfer" (EFT) assures faster access to Medicare payments. It eliminates concerns with mail deliveries and lost or stolen checks. For more information download the form for direct deposit available on the Empire Medicare Services website and found in the Medicare News Brief 2002-01, January 2002, or call the Office for Billing Compliance. Return to Contents | Return to Billing Compliance