Dual Authorization definition

Dual Authorization means a systematic requirement which requires that two different operator identification codes be used to approve all outgoing Payment Orders.
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Dual Authorization means a process under which a Business Customer may appoint an Initiator and an Authorizer to perform certain operations under Online Banking;
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Dual Authorization. Approval by two (2) Delegates (Administrator(s) and/or additional User(s)) that is required in order to release transactions initiated or requested using the ACH Service, the Wire Transfer Service, and (in the Bank’s discretion) the Bill Pay Service, to the Bank for processing. Dual Authorization requires that all Accounts linked through a single Business Online Banking portfolio share the same Administrator and also share at least one additional Delegate.
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Examples of Dual Authorization in a sentence

  • Under Dual Authorization, Customer will have one person prepare and submit the Entries and another person(s) authorize the release of ACH Entries to Bank.

  • Customer acknowledges that submission of ACH Entries, whether in a batch or individually, will require Dual Authorization for release of the Entries for submission to Bank.

  • In order to better understand EPA Dual Authorization, you must first understand ACH Direct EPA.

  • Once the EPA Dual Authorization service is activated, you will receive event triggered email notifications.

  • Under EPA, the following options are listed if you are an authorized user for EPA with Dual Authorization: • Authorization – View, modify, delete and add authorizations (also known as filters) for pre-authorized debits.

  • Changes can no longer be made, and the transaction can no longer be voided.Collected(ACH Only) The transaction, originally returned NSF, has been re- presented to the Fed by ProfitStars, and funds were recovered.Awaiting CaptureStatus for credit card transactions only.Awaiting ApprovalThe transaction has been verified, but the amount of the transaction exceeded the Dual Authorization limit of the user who created it.

  • The transaction exceeded either Dual Authorization limits or Velocity limits.VoidedThe transaction has been voided and will not be processed.

  • Merchants can choose from two setup options: standard setup allows for quick, one-step file upload, while the more advanced Dual Authorization option allows merchants to build multiple level authentication into their file transfer process.

  • Security Collateral Segregation Return Request Instruction – Pledgor Initiated (Model 1 - Dual Authorization)........................................................................................................................................................................

  • Dual Authorization will not apply to the number of signatures required on checks, drafts, or negotiable orders of withdrawal written against your checking account(s) (regardless of whether your checking account(s) are enrolled in any Service).

Related to Dual Authorization

  • Governmental Authorization means any permit, license, authorization, plan, directive, consent order or consent decree of or from any Governmental Authority.

  • Prior authorization means that we must approve the Services in advance in order for the Services to be covered.

  • Consents, Clearances and Permits means all authorizations, licenses, approvals, registrations, permits, waivers, privileges, acknowledgements, agreements, or concessions required to be obtained from or provided by any concerned authority for the purpose of setting up of the generation facilities and/ or supply of power;

  • Informed consent means a documented written agreement to allow a proposed action, treatment, or service after full disclosure provided in a manner the individual or his or her guardian understands, of the relevant facts necessary to make the decision. Relevant facts include the risks and benefits of the action, treatment, or service; the risks and benefits of the alternatives to the action, treatment, or service; and the right to refuse the action, treatment, or service. The individual or his or her guardian, as applicable, may revoke informed consent at any time.

  • Authorization means, with respect to any Person, any order, permit, approval, consent, waiver, licence or similar authorization of any Governmental Entity having jurisdiction over the Person.