
OTCnet News and Updates
Upcoming OTCnet Release 4.13
On Saturday, June 14, 2025, OTCnet was updated to Release 4.13. This release includes updates to the Deposit Processing module such as the deposit date assignment and notifications of a Financial Institution’s actions on a deposit. Users can filter the Collections Information Repository (CIR) File Status Report by date and track report requests in the audit log. Please see the Release Notes for further details.
Modernizing Payments with OTCnet
To align with Executive Order 14247 “Modernize Payments To and From America’s Bank Account,” agencies are encouraged to adopt OTCnet’s secure digital payment solutions. These payment options reduce processing time, enhance operational efficiency, and offer a seamless transition in their current OTCnet portfolio.
Get Started with OTCnet Check Capture
- Consider onboarding to Check Capture with OTCnet! OTCnet Check Processing allows agencies to electronically convert domestic paper checks to digital images for presentment in an online or off-line mode. Check Capture eliminates the need to travel to a bank for check deposit and streamlines deposit reporting on one platform integrated with Treasury reporting requirements. Visit the OTCnet Check Processing webpage for more information and refer to the Onboarding Guide to learn how to get started.
Learn More about OTCnet Card Processing
- Take advantage of the convenience of today’s digital world with OTCnetŕs Integrated Solution for Card Processing, enabling credit and debit card payments. This modernized payment solution allows agencies to consolidate reporting to a single platform and integrate it with their current OTCnet account. OTCnet Card Processing enables agencies to further streamline their over-the-counter services by expediting payments, maximizing collections, and expanding customer accessibility. Visit the OTCnet Card Processing webpage to learn more or contact the OTCnet Deployment Team at FiscalService.OTCDeployment@citi.com and 703.377.5586.
Streamline Transactions with OTCnet Kiosk Services
- The OTC Kiosk Tablet and Self-Service Kiosk provide agencies with the ability to streamline over-the-counter services by minimizing long lines at the counter and maximizing collection opportunities in remote locations. The OTC Self-Service Kiosk also allows customers to process transactions independently of an agency representative. All collected payments and deposits will be synched to the existing OTCnet reporting functionality for ease of reference and agency accounting. Refer to the OTCnet Kiosk webpage to learn more.
OTCnet Training
OTCnet’s Training Site offers User Guides, step-by-step Printable Job Aids, and training tutorials for key OTCnet user roles to help Agencies, Financial Institutions (FIs), and the Federal Reserve Bank (FRB) with a wide range of topics and user tasks. The Training Resources website offers user-friendly guidance for onboarding, updates, and current training offerings.