For companies still bogged down with burdensome paper check operations for their payment systems, JP Morgan's Treasury Services has added two enhancements to its now 5-year-old Payable Web Services system. Clients can now "manage automated clearing house (ACH) debit and credit transactions and mitigate fraud online," says Iqbal "Iggy" Khan, executive director for the company's disbursements business,

The second enhancement,he says,allows companies that still use mainly paper checks to streamline the process, including having checks printed and sent out by JP Morgan. "An increasing number of companies are moving away from paper checks," says Khan, as well as moving their checking business to larger service providers to save money. This, too, reduces fraud since there are not "a lot of blank check stacks floating around your office," he says. Whether a company continues to use checks or shifts to an ACH payment system, Khan says, the enhanced system offers fraud prevention, reconciliation and reporting and data files that can be uploaded into any company's ERP platform.