Definition: A control mechanism requiring two independent approvals before a payment can be released.
Example: A fund accountant initiates a large vendor payment, which the payment system flags because it exceeds a predefined threshold. A senior fund controller then reviews the pending payment before providing final authorization so the wire transfer can be completed.
Explore IVP Cash Management
The IVP Cash Management Solution supports dual authorization. This buy-side platform centralizes and automates cash settlements, balance monitoring, and payment workflows across banks, funds, and counterparties. By replacing manual processes with configurable, straight-through automation, it gives firms real-time visibility, stronger controls, and greater confidence in every cash movement.
