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OTCnet News and Updates

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Release 4.8 is Now Available

Release 4.8 was deployed to OTCnet and included an OTCnet Local Bridge (OLB) upgrade, and support for the M440 credit card terminal. Also, Release 4.8 provides Offline support for RDM EC9600/EC9700 scanners and addresses security findings. Please view the Release Notes for more information.

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Moving from Paper Collections to Electronic Collections

The U.S. Treasury is strongly recommending agencies to move away from collecting cash and checks in an effort to move towards electronic solutions (i.e. Pay.Gov, Online Bill Payment, ACH Credit/Debit) for collections. While you are working on transitioning to an electronic solution, please use Mobile or OTCnet Check Capture to electronically scan checks instead of depositing at a TGA bank. The OTCnet team has a goal of reducing paper deposit volume by 25% by the end of the fiscal year 2025.

Throughout 2024, Fiscal Service will work with agencies to begin reporting individual currency and check denominations on each new TGA deposit voucher. This new process will be communicated to your agency Accounting Specialists and Deposit Processing Users.

For any assistance or questions during the transition, please contact your Agency Relationship Manager to discuss your agency’s electronic collections options.

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User Provisioning with Release 4.8

Get an inside look on OTCnet Release 4.8 with the User Provisioning with Release 4.8 webinar series! Join us on March 21st for a dynamic review of Release 4.8 which includes application enhancements and other changes for OTCnet users, and important information about Fiscal Service’s 25-by-25 Initiative. Register to join one of the series’ four dates at the OTCnet training site.

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See the Self-Service Kiosk in the Field

The Self-Service Kiosk is a freestanding payment option for agencies who process in-person cash, check, and credit or debit card payments, enabling agency customers to make payments independent from an agency representative or checkout counter. See the testimonial from the CFO of an agency utilizing the self-service kiosk option!

“The kiosks and the intelligence behind them have solved many of the challenges and issues [agency] faced with the previous daily parking process. Parking fees are deposited with the Treasury in real-time. The kiosks are sleek, sturdy, and smart. We commend the Treasury’s OTCnet Team for the outstanding support they provided throughout this process.”

Last modified 02/28/24