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Al Etihad Credit Bureau has launched ChequeScore, an mobile application that allows both businesses and individuals to instantly know how likely a cheque issued through a UAE-based bank is to bounce. Available on both iOS and Android devices, ChequeScore users will immediately be shown a score ranging from 1 to 99 percent indicating the probability of a cheque to bounce in the next nine months.
The ChequeScore mobile application is colour-coded, with the low probability to bounce coloured in green, medium probability to bounce in amber, and high probability to bounce represented in red.
DUBAI, 22nd February, 2022 (WAM) -- Al Etihad Credit Bureau (AECB) has launched ChequeScore, a mobile application that allows both businesses and individuals to instantly know how likely a cheque issued through a UAE-based bank is to bounce. "ChequeScore will help reduce the number of bounced cheques in the UAE," said Marwan Ahmed Lutfi, Chief Executive Officer of AECB. "Last year, bouncing a cheque was a criminal offense; however, with the new law decriminalising this in the beginning of this year, it has become imperative...
Al Etihad Credit Bureau (AECB) has launched ChequeScore, a mobile application that allows both businesses and individuals to instantly know how likely a cheque issued through a UAE-based bank is to bounce. “ChequeScore