Yesterday, Google took Electronic Funds Transfer (EFT) out of beta for the first time within AdSense. Next time you login to AdSense you should see:
That links to Electronic Funds Transfer is out of beta;
Electronic Funds Transfer is ready for the big-time! We've been working hard on our payment system, and with our thanks to the thousands of AdSense publishers who took part in our beta test, we're now ready to bring EFT out of beta.
Publishers who have already received payments through EFT don't need to do anything – they can continue to have their payments conveniently deposited directly into their bank accounts.
The forum discussion on this topic is at WebmasterWorld.