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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.
Many aspects are generally taken into account when measuring the credit score
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