KeyBank has just introduced its latest financial solution titled Check Control for Business, a platform specifically designed to strengthen security systems for small business owners. This service comes as a response to the increasing risk of fraud that often targets transactions using check instruments.
Through this innovation, business owners now have greater control over managing their cash flow. Users are given access to monitor daily check activity in real-time, verify transaction details, and even issue return instructions if suspicious activity is detected directly through the mobile app or online platform.
This service is offered with an operational fee of $5 per month for customers who meet certain account criteria. This strategic move reflects KeyBank's commitment to providing practical protection tools accessible to the small business segment to maintain the financial stability and security of their companies from the threat of fraudulent activities.