Get Social
Get Social
Are you a fan of IFS?
Hide Bar
Recent Activity
Recent Activity on Facebook
IFS on Twitter
Overheard on Twitter
No public Twitter messages.

USPS Relaxes Upcoming Requirements for Intelligent Mail Barcode

Recognizing ongoing concerns about mailers’ readiness for broader adoption of the Intelligent Mail barcode (IMb®), the USPS® has decided that automation discounts for mail with POSTNET barcodes will continue to be offered beyond May 2011. Today’s announcement, made following consultation with key industry leaders, means that mailers also may continue to use the POSTNET barcode for reply mail (such as Business Reply Mail (BRM), QBRM and Permit Reply Mail) and PLANET Code® for Confirm® Service.

The relaxing of requirements beyond the planned May POSTNET retirement timeframe allows for an easier transition to the full use of the IMb while continuing to receive automation discounts. The value of the IMb is a proven technological advantage with more than 41 billion pieces of IMb-enabled mail processed by the USPS. As more Industry leaders continue to embrace the IMb, the Postal Service is committed to enhancing the benefits of Intelligent Mail Services.

To create your new Intellingent Mail barcode, you will still need to acquire a Mailer ID online HERE. Then just forward the info you get from the USPS to your IFS representative and we'll get the new bar code for you.

If you have any questions, please contact your sales rep at 815-725-0633 or sales@independentforms.com.

FDIC Releases Final Ruling to Include IOLT Accounts for All Temporary Liquidity Signage

IFS has the updated signage available now. Please call 815-725-0633 or email us at sales@independentforms.com for more information and pricing.

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a final rule to include Interest on Lawyer Trust Accounts (IOLTAs) in the temporary unlimited deposit coverage for noninterest-bearing transaction accounts. Read more from the FDIC HERE.

The new signage reads:

“NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31,2010, through December 31,2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.”