(1) Vendor needs to provide statewide banking services to the government authority located in Little Rock, AR.– Developed a centralized cash management system within the scope of the State agencies but decentralized for agency commercial bank accounts. The business needs of this system require reliable banking services for the receipt, custody, and disbursement of public funds.– Agency Commercial Deposit Accounts:– Depository services are oriented to the deposit of state funds and concentrates on the most rapid collection and credit of checks and other deposit items.– Agency Commercial Checking Accounts:– Disbursement services include zero balance accounts and a controlled disbursement account.– Lockbox Services:– State Agencies may implement lockbox services for the receipt of items for deposit and processing. The lockbox service should offer quick deposit of checks, the transmission of original documents to the State, and image items and hold for a period of at least seven years from the date of transaction and provide image retrieval.(2) All questions must be submitted no later than June 13,2024.(3) The contract period will be for four years.
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