Enhancements to mitigate fraud and streamline check printing
JP Morgan Treasury Services, a provider of liquidity and investment management services, has enhanced its online payables system, Payables Web Services.
According to the company, these enhancements allow clients to manage automated clearing house (ACH) debit and credit transactions and mitigate fraud online, as well as streamline check printing. Payables Web Services are made available through the bank’s online portal, JPMorgan Access.
JP Morgan’s Payables Web Services includes a new module, ACH Transaction Review, a fraud mitigation tool that enables clients to review and confirm ACH debit and credit transactions online and return unauthorized transactions on a case-by-case basis. The firm also offers ACH Debit Blocking, a tool that automatically blocks unauthorized ACH debits from being posted to accounts.
JP Morgan’s Payables Web Services also includes Check Image Retrieval which allows for convenient check inquiry and retrieval. This online check imaging service provides around-the-clock, secure access to vital disbursement information. Clients can search for paid checks, place stop payments and view check images online.
Iqbal Khan, executive director of JP Morgan Treasury Services, said: These enhancements to our Payables Web Services allow clients to maximize fraud mitigation and increase operational efficiencies within their disbursement activities.