KeyBank (NYSE: KEY) has made its Check Control for Business service fully available to KeyBank Business Online clients, according to a company statement. The tool is designed to help small business owners monitor check activity and flag potentially fraudulent transactions.

The service allows enrolled users to view checks daily via a computer or mobile device, verify check amounts, payee names, and check numbers, and return suspicious or duplicate checks. Clients can self-enroll through digital banking in under one minute and receive alerts when checks are ready for review.

Check Control for Business is available to eligible small business clients with $10 million or less in annual revenue, at a cost of $5 per enrolled account per month. Accounts already enrolled in KeyBank's KeyNavigator check fraud services, including Positive Pay, are not eligible.

According to the Federal Reserve's Business Payments Study cited in the announcement, 83% of small firms use paper checks for business payments, and more than $1 billion is recovered each year in counterfeit checks and money orders.

"Check fraud continues to be a growing challenge for businesses as tactics evolve," said Victor Alexander, Head of Key's Consumer Bank.

Emily Gessner, Head of Commercial Digital for KeyBank, described the product as "an exciting addition to our suite of digital capabilities" that reflects the bank's focus on fraud prevention across business sizes.

KeyCorp, the parent company of KeyBank, is headquartered in Cleveland, Ohio, and reported approximately $189 billion in assets as of March 31, 2026.