JP Morgan Treasury Services Enhances Fraud Protection Tools
JP Morgan’s Treasury Services, a provider of cash management, trade finance and treasury solutions, has enhanced its suite of fraud protection tools. A new Fraud Diagnostic Tool will rate client’s vulnerability to fraud and recommend solutions to tighten security. JP Morgan also now offers its Positive Pay and Reverse Positive Pay solution through Chase Commercial Online, and has enhanced its payables web services offering to immediately make available tools to help protect clients impacted by fraudulent activity against their accounts. These enhancements will help clients mitigate the persistent threat of cheque fraud.
“At JP Morgan, we are very aware of the negative impact of fraud attacks on our clients’ accounts,” said Stephen Markwell, vice president, JP Morgan Treasury Services. “We believe it is our responsibility as a banking partner to maintain a dialogue with our clients about fraud and fraud protection in order to help them guard their accounts from being compromised.”