Our payment solutions are designed to save you time and money when managing domestic and international payments. They are tailored to streamline your processes and reduce overall costs.
Through our secure and easy-to-use banking channels, you can efficiently initiate payment instructions, access timely reports and extract transaction information quickly and conveniently 24/7.
Our payment services include:
- Bulk payments
- Utility payments
- Fund transfer
- Cheques and drafts
- Standing instructions
- Domestic fund transfers
- Corporate card services
- International fund transfers
Payroll ServicesWages Protection System
Manage your salary payments securely, efficiently and in compliance with UAE Wages Protection System (WPS) regulations.
- Fully automated service with dedicated help desk
- Safe and convenient salary payments with a single bank transfer
- Payment in local currency within the UAE
- Lower cost and no cash handling risk to pay your employees
Collections and Receivables
Cashflow is critical to all businesses. The faster you convert your receivables into cash, the more control you will have over your cashflow and working capital. So whether you need bulk cash, inward remittances or direct debits, we can provide secure collection tools to help you stay on track.
To help with your account reconciliation, we also supply customised reporting and management information tools through secure banking channels.
Our Collections and Receivables services include:
- Direct debit services
- Electronic collections
- Post-dated cheque (PDC) management
- Secure cash and cheque handling services
- Cash and cheque deposits via our branches
We believe in a collaborative, consultative approach to liquidity management, working with you to understand your key objectives in managing your day-to-day operations and cash flow. We then design an account structure that addresses the specific needs of your business.
Your debit and credit balances are periodically consolidated into a single position through cash concentration – strengthening your overall liquidity position. This creates transparency and reduces costs. It also gives you the opportunity to earn extra interest by investing surplus funds in short-term investments.
Merchant Payment Solutions
Empower your business and delight your customers by accepting card payments - securely, swiftly and with total confidence. Whether you operate in the retail or hospitality industries, IVR, kiosks or online, our merchant payment solutions provide everything you need to start accepting card payments and simplify your sales process.
FAB is the fastest growing merchant services provider in the UAE (source: Visa/MasterCard), due to our outstanding service, innovative solutions and financial strength. Our highly experienced team provides seamless customer support to thousands of businesses of all sizes across the UAE. Are you ready to join them?