By leveraging our branch network and partnerships with authorized service providers, we deliver specialized solutions, which reduce costs, minimize risk and increase profitability. Our Collection Services improve turnaround time on your receivables flow, and facilitate reconciliation by providing a consolidated view of collections across multiple channels.
The objective of the Image Cheque Clearing System is to allow for the truncation of cheques at the point of acceptance whilst providing a safe, secure, efficient and robust payment mechanism in the United Arab Emirates. Banks will settle cheques issued on accounts held by them based on electronic images of these cheques. ICCS reduces the dependence of the payment infrastructure on the physical movement of paper, and therefore facilitates shorter clearing and settlement cycles. It also facilitates quicker realization of funds on these items
Our comprehensive post-dated cheque management services include lodgement, warehousing and presentation of cheques on due date for clearing. MIS reports - with details of status, ageing and inventory
Direct Debit System (DDS) is to boost transparency, reduce paperwork, nearly eliminate cheques and save time as well as boost operational efficiency of the sector in serving millions of customers in the UAE. Direct Debit System offers you a greater convenience to manage your recurrent collections/receivables online through a secured automated process designed to eliminate the handling of post-dated cheques for all repayments towards loans, mortgages, and Credit Cards. The facility supports the option to use secured ‘Host to Host’ connectivity for automatic Enterprise Resource Planning (ERP) integration or secured web based service to suit your different requirements.
Smart Cash Deposit Machine offers bulk cash deposit options with increased capacity therefore eliminating the risk of discrepancy and counterfeits. Cash handling systems provide reliability and efficiency to minimize theft, optimize processes and save time for Corporate and SME clients
We offer multiple channels of secure cash and cheque collection to increase and improve your receivables cycle efficiency, including same day cash-credit, pickup/delivery from customer locations, incoming fund transfers from, and collection through Cash Deposit Machines and key branches
Features & Benefits of Cheque Outsourcing to NOOR Bank: