Paper Check Conversion
Over the Counter (PCC OTC)

Overview

Paper Check Conversion Over the Counter (PCC OTC) converts personal and business checks into electronic funds transfers.

The process occurs at the point of sale or in a lockbox environment. Transactions can be consumer, consumer accounts receivable, and business transactions.

What’s Next for PCC OTC?

The conversion to the Over the Counter Channel Application (OTCnet) was launched on February 5, 2011. OTCnet will provide users of TGAnet and PCC OTC a new system that combines electronic check conversion or truncation, and deposit reporting functions.

OTCnet provides you with the capability of seamlessly handling agency cash, coins, and check deposits using one Web-based application. Key dates in this conversion of PCC OTC users to OTCnet include:

• April 2011 through 2012 – Phased conversion of PCC OTC users to OTCnet
• June 2011 - Offline Check Capture became available to agencies

FMS will be in contact with individual agencies about the timing and requirements of their respective conversions to OTCnet.

For additional information about OTCnet, please visit: fms.treas.gov/otcnet.

Contacts

• Reginald McKinney
  (202) 874-6893
  reginald.mckinney@fms.treas.gov

• For detailed information about conducting business transactions using this program, see http://www.pccotc.gov.