We offer a suite of solutions to streamline and accelerate your collections through electronic channels including:
- PDC Warehousing and Management
- Cash and Cheque Collection
- Payment Gateway / e-Commerce
- Remote Cheque Deposit
- Direct Debits
- Real Estate Escrow Accounts for Dubai, Abu Dhabi and Ras Al-Khaimah
Escrow Account Services
CBD is an accredited escrow agent bank and can provide Escrow Account services to real estate developers with projects in in Dubai, Abu Dhabi and Ras Al-Khaimah. We also offer escrow services for special financial transactions where a neutral third party is required, as well as document review, payments and receivables, and detailed activity reporting for all parties.
iCash
Improve operational efficiency, security and control over your physical cash receipts with our iCash service. Ensure the timely deposit of cash into your account through regular collections using an approved security provider or through Smart Cash Deposit Machines (SCDMs) which can be installed at your office premises. With iCash you can enjoy:
- Timely deposits into your account
- Operational efficiency
- Improved reconciliation
- Safe and secure
Click here to view and download the iCash forms and brochures
iCollect
iCollect is the Bank's market leading remote cheque deposit solution which allows our Wholesale banking customers to deposit cheques from the convenience of their office 24 hours a day, 7 days a week. This receivables acceleration solution offers the following benefits:
- Fast and secure
- Operationally efficient
- Extended cut-off benefits
- Automated reconciliation
- Fully integrated platform
- Straight through processing
Click here to view and download the iCollect forms and brochures
iDirect
CBD can sponsor your company to become an Originator in the UAE Direct Debit System using iDirect. With iDirect, you can:
- Control your receivables through the electronic collection of payments from your customers’ accounts
- Streamline your receivables and reduce operational costs
- Minimize manual effort related to cash, cheque and credit card receipts
- Automate reconciliation of your direct debit receivables
- Improve control and forecasting of your cash inflows
Click here to view and download the iDirect forms and brochures
Payment Gateway / E-Commerce Solutions
Our Payment Gateway and E-Commerce Solutions helps enable your business to securely accept credit and debit card payments online. Please speak to your relationship manager to learn more.
Receivables Management Solutions
Streamline the reconciliation of your accounts receivables with Receivables Management Solutions (RMS).
- Automate receivables reconciliation using invoice matching rules such as FIFO and LIFO
- Reconcile against cash and cheque deposits, inward remittances, and other account receipts
- Create unique Virtual account for each payer for automated identification high levels of reconciliation
Click here to view and download the RMS forms and brochures.
