JPMorgan Chase has introduced digital tools to help protect businesses against fraud.
Fraud Protection Services offers enhanced fraud prevention tools for SMEs.
It aims to help them protect their businesses and manage money safely.
The service is available online to small and medium sized clients.
What does this mean?
According to a survey supported by the bank, 81% of businesses experienced payments fraud last year. It wants to support security features for businesses such as a debit block annd cheque protection.