Business bank account - credit 'protection'

I was recently speaking to someone regarding business bank accounts.
They told me that with a business bank account, you can make a bank transfer payment and gt the same credit protection terms as with a credit card.

ie If you paid a company direct for some goods (or services?) and that other company went into liquidation (or perhaps failed to deliver for some other reason, eg faulty goods etc), then you could claim back the 'lost' money from your bank.

Is this correct?
It seems like a good option to pay for services or goods from companies (or individuals?) who cannot accept credit cards.

The guy I was speaking to said his information may be out of date.
I am planning to speak to a few banks about this - but I would be interested to hear from ohers who have used such a facility.

Thanks.