|
KeyBank launches upgraded Key Business Online tool for SMEs |
|
|
|
|
US bank KeyBank, a wholly owned subsidiary of KeyCorp, has introduced an enhanced version of its Key Business Online tool for small and medium-sized enterprises (SMEs) by adding online banking features that combine check and ACH fraud prevention capabilities.
KeyBank has also added a new feature to help businesses recover funds on deposited items returned for non-sufficient funds. The new fraud prevention features enable businesses to review the previous day's posted check and ACH items and reverse those that appear to be fraudulent or unauthorised. In addition to the enhancements announced today, features include immediate access to account balances, details, and transactions, electronic payments and ability to safely delegate banking tasks to trusted associates. Advanced features of the product include Pay Direct, a service that allows companies to expedite payments to vendors and employees via the secure Automated Clearing House (ACH) network. Key Business Online is KeyBank's third online banking application. The other two, Online Banking and Key Total Treasury are addressed to consumers and larger businesses, respectively. |
