Overview: OTCnet

OTCnet has arrived. The FMS Over the Counter Revenue Collection Division (OTCD) has integrated the functionality of two legacy systems into a single Web-based application, the Over the Counter Channel Application (OTCnet). OTCnet integrates the functionality of the Paper Check Conversion Over the Counter (PCC OTC) and Treasury General Account Deposit Reporting Network (TGAnet) systems.

We are pleased to announce OTCnet was successfully implemented on February 5, 2011. On this date, agencies and financial institutions participating in the Conversion Pilot migrated from TGAnet and PCC OTC to OTCnet. As of February 7th, 2011, all locations participating in the pilot began using OTCnet.

On March 19, 2011, TGAnet was successfully converted to OTCnet. TGAnet is unavailable and all deposit processing and reporting activities will occur in OTCnet.

Agencies using PCC OTC will receive communications regarding conversion to OTCnet. Please look for email notifications and continue to visit this Web site for additional information.

Consolidation of systems under OTCnet will bring to life a robust business line capable of handling agency cash and check deposits seamlessly with one application. OTCnet will:

• Upgrade paper check conversion processing, so that it can be done end to end over the internet without the need for special software.



• Make it easier for stakeholders and citizens to do business with the government.



• Simplify point of sale and bank deposit activity.



• Comply with the latest FISMA audit, user access/provisioning, system security requirements, and HSPD-12 and PIV standards.



• Enhance compliance with the Government-wide Accounting Modernization Project (GWAMP).



• Click here for the latest update on the OTCnet conversion in a letter to our partner agencies and key stakeholders, from Dave Metler, Acting Director, Over the Counter Revenue Collection Division. The link will open a PDF document.