Payments

Multi-Party Authorization

Multiple Approvals Required

Require multiple approvers for high-value transactions. Prevent unauthorized transfers, enforce corporate approval policies on-chain, and maintain clear audit trails.

COINBAX CONTROLS PaymentQueued Multi-SigAuth 1 Multi-SigAuth 2 ApprovalGate Quorum Met? FundsReleased
COINBAX CONTROLS Payment Queued Multi-Sig Auth 1 Multi-Sig Auth 2 Approval Gate Quorum Met? Funds Released
View Scenario

Coinbax Controls Used

This template leverages the following programmable controls to create a secure, compliant payment flow.

Multi-Sig Auth 1

Multi-Party Auth

First authorized signer confirms

Multi-Sig Auth 2

Multi-Party Auth

Second authorized signer confirms

Approval Gate

Multi-Party Auth

Quorum: require all signers before release

Use Case Example

Scenario

Corporate Treasury Dual-Control Disbursement

PROTECTED BY COINBAX PaymentQueued CFO Notified CFO Approves ControllerApproves Quorum Met? FundsReleased
PROTECTED BY COINBAX Payment Queued CFO Notified CFO Approves Controller Approves Quorum Met? Funds Released

The Challenge

A manufacturing company requires CFO and Controller approval for any payment over $100,000. Manual email chains and phone calls create 2-3 day delays on urgent vendor payments.

The Solution

This template enforces dual-signature requirements on-chain. Both executives receive mobile notifications, approve with biometric authentication, and the payment releases instantly once both signatures are collected.

Result: Approval time reduced from 3 days to 4 hours, audit trail automated

Ideal For

Corporate Payments

Enforce dual control and segregation of duties for corporate disbursements, vendor payments, and intercompany transfers.

Treasury Operations

Secure treasury workflows with multi-level approvals for large transfers, investments, and liquidity management.

High-Value Transfers

Add extra protection for high-value transactions with tiered approval thresholds based on amount.

Institutional Clients

Meet fiduciary requirements for institutional investors, funds, and asset managers with documented approval chains.

Ready to implement Multi-Party Authorization?

Talk to our team about customizing this template for your specific payment workflows.

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