Alabama Treasury Launches Enhanced Electronic SAFE Program Platform
June 27 2019 - 8:15AM
Business Wire
The office of the Alabama State Treasurer, in collaboration with
Alabama Interactive, unveiled the newly revamped electronic
platform for the Security for Alabama Funds Enhancement (SAFE)
Program that provides a database system to ensure all public
deposits held in state banks are adequately collateralized against
any loss. This online suite not only creates a more seamless
process for Qualified Public Depositors (“QPD”) in reporting their
data, but also a more efficient process for the Alabama Treasury
staff when reconciling these monthly reports and managing
securities held as collateral.
The SAFE portal allows QPDs to:
- Access and review their current status
- Enter monthly reports
- View past reports
Program features for SAFE administrators:
- Quickly reconcile reports
- Monthly price and update all securities
- Pledge and release eligible securities
- Send email notifications to QPDs, individually or collectively
for various reasons
Alabama Treasurer, John McMillan, said, “We are excited about
the innovation and progress the upgraded electronic platform
developed by Alabama Interactive brings to not only the Treasury
staff but also to Alabama banks. “
About Alabama Interactive Alabama Interactive is the
official digital government solutions provider for the state of
Alabama. The company builds and manages interactive government
services on behalf of the state and is a wholly owned subsidiary of
firm NIC (Nasdaq: EGOV).
About NIC
NIC Inc. (Nasdaq: EGOV) launched the digital government industry
in 1992, and continues to lead it, providing a secure payment
engine and thousands of digital government solutions across a
network of more than 6,000 federal, state, and local government
agencies. In addition, NIC is the nation’s leading provider of
outdoor recreation solutions, with 1 out of 6 hunting and fishing
licenses in the United States sold using an NIC service. The
Company launched the nation’s first personal assistant for
government and comprehensive mobile platform, Gov2Go®, as well as
the innovative, data-driven prescription drug monitoring platform,
RxGov®. More information is available at www.egov.com.
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Jonathan Kimbrough Alabama Interactive (866) 353-EGOV
JKimbrough@egov.com
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